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Patona Property - BRISBANE CITY

212 Bay Terrace Wynnum, QLD 4178

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212 Bay Terrace,
Wynnum, QLD 4178

Offices • Shops & Retail • Medical & Consulting

Price information

Sale

Offers To Purchase

Key property information

Land area

Floor area

Car spaces

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Patona Property - BRISBANE CITY
Sam Byrne
Jordan George

Patona Property - BRISBANE CITY

Level 3 / 100 Creek Street
BRISBANE CITY, QLD 4000
Patona Property - BRISBANE CITY
212 Bay Terrace
Wynnum, QLD 4178

Map of 212 Bay Terrace

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  • Train stations within 5 km of 212 Bay Terrace, Wynnum, QLD 4178Distance
    Wynnum Central Station666 m
    Manly Station1.1 km
    Wynnum Station1.3 km
    Wynnum North Station2.1 km
    Lota Station2.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 212 Bay Terrace, Wynnum, QLD 4178Distance
    Bay Tce at Guardian Angels School129 m
    Bay Tce at Walnut Street206 m
    Bay Tce at Clara Street262 m
    Florence St at Wynnum Central419 m
    Mount Joy Tce Near Irene St426 m
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POWERED BY HERE ©

FULLY LEASED INVESTMENT WITH MULTIPLE VALUE-ADD OPPORTUNITIES

  • Exceptional corner holding
  • High quality tenancy mix
  • Redevelopment opportunity
Patona Property are pleased to offer for sale 212 Bay Terrace, Wynnum - an exclusive opportunity to acquire a strategic asset in the bayside precinct.

212 Bay Terrace is an ex-Government office building suitable for both investors and owner occupiers. Currently configured for multiple tenancies, the building can easily be adapted to accommodate a single building user.

For Sale via Offers to Purchase closing
Thursday 5 September 2024 at 12 noon
(if not sold prior)

- 1604sqm land parcel with flexible zoning allowing for various development opportunities and future repositioning (Subject to Council Approval)
- 870sqm total building area across one floor
- 615sqm leased area, with 255sqm of shared area for tenants.
- 31x car parks (27x secure basement parks, 4x on-grade parks).
- Well maintained outdoor break-out area.
- Annual net income of $192,527 (approx.) with immediate market income growth.
- Strong tenant covenants including various healthcare groups, and Brisbane City Council.
- Major building works completed including new roof and 30kw solar system generating in excess of $25,000 per/annum.
- Expansive views to Moreton Bay and excellent natural light.

With improving retail and lifestyle amenity, the area is on a strong growth trajectory. The councils positive view on progress and development will encourage further investment in the suburb, leading to an optimistic outlook on the local market.

Please contact the listed agents for further details.

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Property ID: 504658132Last Updated: 7 Aug 2024

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