653 & 655 Wynnum Road Morningside QLD 4170
- 518 m²
- For 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
|Floor Area||518 m²|
|Land Area||1,488 m²|
|Parking||12 x Onsite parkings|
|Annual Return||Ask Agent|
|Last updated||13 Aug 2019|