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653 & 655 Wynnum Road Morningside QLD 4170

  • Retail
  • Floor Size518 m²
  • PriceFor Sale, Offers To Purchase

Future Development Site With Holding Income

* 2 Freehold Leased Investments with Substantial Development Upside
* Substantial future development potential (Subject to council approval)
* Currently 4 shops including: Cash Converters, Laundromat, Massage, Ringside Boxing. 100% leased
* Total Building Area: 518sqm.
* Total Land Area: 1488sqm
* Total Gross Income: $147,186 + GST
* Total Net Income (excluding land tax): $117,214 + GST.
* Abundance of car parking onsite at rear of both properties, approx 12
* Solid brick buildings, with individual amenities, access driveways.
* Massive main road exposure to busy Wynnum Road.
* Close to CBD, Bulimba, Gateway Motorway and Airport.
* Clear instructions to sell, submit all serious offers to purchase in writing
* Substantial re-development potential for shops/retail/residential
* Contact Exclusive Agents Manoli Nicolas on 0400 082 170 for Peter McNeil on 0411 596 371 for inspection today

PRICE: Offers To Purchase
BUILDING AREA: 518 sqm
LAND AREA: 1,488 sqm

Property Highlights

Property ID2015254932
Floor Area518 m²
Land Area1,488 m²
Parking12 x Onsite parkings
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  13 Aug 2019
Map for 653 & 655 Wynnum Road Morningside QLD 4170
LJ Hooker Commercial Brisbane
6/3370 Pacific Highway Springwood QLD 4127

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