RWC Bayside and Ray White Special Projects (Qld) are pleased to present 55, 57, 61 & 63 Tingal Road, Wynnum to market For Sale by Expressions of Interest.
With a total footprint of 2,021sqm* across 4 titles located in the heart of the Wynnum revitalisation area, this property includes a 2-level commercial brick building and timber cottage which currently generate a holding income of $118,036* PA.
This is an opportunity for investors or owner-occupiers to utilise the current buildings, value-add and reset, or with its predominantly LMR2 zoning, redevelop the site^.
Features include:
- Total site area of 2,021sqm*
- 4 existing titles
- Located 14km* east of the Brisbane CBD on the edge of Moreton Bay
- Predominantly zoned LMR2 Low-Medium Density Residential (2 or 3 storey mix)
- 2 level commercial brick building
- Timber cottage currently used as commercial rental space
- Vacant land
- Total holding income of $118,036* PA
- Opportunities include utilising current buildings as investor or owner-occupier, value-add and reset or ultimately redevelop the site
- Walk to train station, stunning Wynnum foreshore, Woolworths and Coles, refurbished Waterloo Bay Hotel, Bayside Cinemas
- Wynnum has seen significant development over the past 5 years leading to an existing revitalisation of the core trade area.
For Sale by Expressions of Interest closing Wednesday 5 June 2024, 4pm
* Approximately
^ Subject to Council approval
