74 & 76 Andrew Street,
Wynnum, QLD 4178
Warehouse, Factory & Industrial • Development Sites & Land
Price information
Sale - Expression of Interest closing Thu 10 Oct
EOI closing Thursday 10 October, 4pm
Key property information
Land area
Floor area
Car spaces
Property extent
Zoning
Municipality
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$175,000
Number of Tenants
6 Tenants
Tenants / Type
Industrial / Warehousing
Expression of Interest
Private inspections
to arrange a private inspection.
Map
Industrial Investment with Significant Development Upside
RWC Bayside is pleased to present 74 & 76 Andrew Street, Wynnum to market For Sale via Expressions of Interest closing Thursday 10 October 2024 at 4pm.
Offered for sale in one-line, 74 & 76 Andrew Street represents a unique opportunity for investors, developers and owner-occupiers alike.
The site consists of 6 industrial premises in total with a Nett Lettable Area of 1,154sqm*, on a total land area of 1,808sqm* over 2 titles.
74 Andrew Street is a freestanding metal clad industrial premises with 490sqm* under roof, and a 51sqm* side yard.
76 Andrew Street is comprised of 5 small industrial premises sized between 115sqm* and 125sqm*, a common driveway area with 2-gate drive-thru access, and 6 car parks.
All units are currently leased, with a WALE of 1.88* years and a nett income of $175,000 excl GST pa.
This site could be purchased as a simple set-and-forget tenanted investment providing steady secure cashflow from a well settled group of local tenants.
Alternatively, this site was rezoned to 'High Density Residential' in 2014 allowing for apartment developments up to 25* metres/8 storeys^ under the local Wynnum town plan. The latest lease expiry is August 2027, which gives prospective developers ample time to put together a scheme and get approvals, while having strong cashflow in the short-term.
Lastly, unit 5 is on a month-to-month lease giving owner-occupiers the chance to take up this space themselves, with the ability to expand their footprint in the future.
Features include:
- Fully tenanted 1,808sqm* site with 1,154sqm* NLA over 2 titles
- 1.88* year WALE with $175,000 nett annual income excl outgoings and GST
- Low vacancy periods due to high leasing demand
- Significant development upside potential with 'High Density Residential' zoning
- Town plan allows for 25m*/8 storeys^
- Could be developed as soon as late-2027
- Unit 5 could be used by owner-occupiers
For Sale by Expressions of Interest closing Thursday 10 October 2024, 4pm.
For more information contact exclusive agents Benn Woods and Nathan Moore of RWC Bayside.
* Approximately
^ Subject to Council approval
Offered for sale in one-line, 74 & 76 Andrew Street represents a unique opportunity for investors, developers and owner-occupiers alike.
The site consists of 6 industrial premises in total with a Nett Lettable Area of 1,154sqm*, on a total land area of 1,808sqm* over 2 titles.
74 Andrew Street is a freestanding metal clad industrial premises with 490sqm* under roof, and a 51sqm* side yard.
76 Andrew Street is comprised of 5 small industrial premises sized between 115sqm* and 125sqm*, a common driveway area with 2-gate drive-thru access, and 6 car parks.
All units are currently leased, with a WALE of 1.88* years and a nett income of $175,000 excl GST pa.
This site could be purchased as a simple set-and-forget tenanted investment providing steady secure cashflow from a well settled group of local tenants.
Alternatively, this site was rezoned to 'High Density Residential' in 2014 allowing for apartment developments up to 25* metres/8 storeys^ under the local Wynnum town plan. The latest lease expiry is August 2027, which gives prospective developers ample time to put together a scheme and get approvals, while having strong cashflow in the short-term.
Lastly, unit 5 is on a month-to-month lease giving owner-occupiers the chance to take up this space themselves, with the ability to expand their footprint in the future.
Features include:
- Fully tenanted 1,808sqm* site with 1,154sqm* NLA over 2 titles
- 1.88* year WALE with $175,000 nett annual income excl outgoings and GST
- Low vacancy periods due to high leasing demand
- Significant development upside potential with 'High Density Residential' zoning
- Town plan allows for 25m*/8 storeys^
- Could be developed as soon as late-2027
- Unit 5 could be used by owner-occupiers
For Sale by Expressions of Interest closing Thursday 10 October 2024, 4pm.
For more information contact exclusive agents Benn Woods and Nathan Moore of RWC Bayside.
* Approximately
^ Subject to Council approval
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Additional information
External websites
Property ID: 504687204Last Updated: 4 Oct 2024
RWC - Bayside
1/76 Old Cleveland RoadCAPALABA, QLD 4157
74 & 76 Andrew Street
Wynnum, QLD 4178
RWC - Bayside1/76 Old Cleveland Road
CAPALABA, QLD 4157
CAPALABA, QLD 4157
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