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175 Bay Terrace Wynnum, QLD 4178

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For Sale

175 Bay Terrace Wynnum, QLD 4178

Offices • Medical & Consulting • Shop & Retail
Sale Price

EXPRESSIONS OF INTEREST

Land area

607.0m²

Floor area

336.0m²

Car spaces

9

Zoning

MU2 - MIXED USE (CENTRE FRAME)

Tenure type

Vacant Possession

Office Block With Income And Development Potential

  • Owner Occupy Or Invest
  • Potential nett return of $82,750
  • Build up to 5 storeys/18m STCA
Ray White Commercial Bayside are pleased to offer 175 Bay Terrace, Wynnum for sale.

This two storey office block with an NLA of 336sqm* has been recently renovated and presents in excellent condition. The property currently has two tenants on the ground floor, with a remaining 168sqm* available for owner-occupiers. Alternatively, this space could be leased out, providing investors with a potential nett return of $82,750* + GST per annum.
The property has great exposure to Bay Terrace, front and back balconies, and pylon signage for tenants. The rear of this 607sqm* block has 9 car parks, as well as refurbished staff amenities.
Astute buyers will also take note of the development potential of the site, having a maximum building height of 5 storeys or 18m under the Wynnum/Manly Neighbourhood Plan (STCA).

Features include:
- 340sqm* two storey office building on 607sqm* block
- 58sqm* and 110sqm* ground floor offices returning a current nett rent of $38,950* + GST pa
- 168sqm* is available to lease or for an owner occupier
- Potential nett return of $82,750* + GST pa
- Future development upside (build up to 5 storeys/18m STCA)

Sale by Expressions of Interest

Contact Exclusive Agents - Benn Woods 0408 689 651 or Nathan Moore 0413 879 428

Property ID: 503159294Last Updated: 8 May 2019

175 Bay Terrace
Wynnum, QLD 4178

Agency contacts

Ray White Commercial - Bayside

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Ray White Commercial - Bayside

1/76 Old Cleveland Road
CAPALABA, QLD 4157
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Benn Woods

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Benn Woods
Ray White Commercial - Bayside
175 Bay Terrace Wynnum, QLD 4178

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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