ResortBrokers is excited to bring to the market the opportunity to purchase a freehold site consisting of 4 x two-bedroom units being sold in one line. This is a fantastic real estate investment opportunity with huge potential for future development. Set on 809m2 of land zoned RESIDENTIAL B R4 and with an approx. 20 metres frontage, Wynnum Bayside Apartments are currently being run as short term accommodation achieving a yearly revenue of rental income of over $150k in 2021 alone. However, after expenditure was used in order to run the business as passively as possible, the owners earnt a Net profit of $79,104. Wynnum Bayside Apartments has been assessed by Queensland Tourism with a 4.5-star accommodation rating.
- Whole block of units for sale in one line
- 4 x two-bedroom units, garages within a secure gated yard
- FY2021 had revenue of $154k
- After expenses to run as a short term semi-passive operation $75k Net Profit
- Opportunity to continue as short term accommodation
- Future development opportunity
- Amazing bayside location just 200m to the Wynnum Foreshore
- Genuine reason for sale - owners' employment situation has changed
- Booming Wynnum property market
- Inspections are by appointment only
