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Office Block With Income And Development Potential

175 Bay Terrace, WYNNUM QLD, 4178

For Sale

Property for Sale in 175 Bay Terrace, WYNNUM QLD, 4178

Listing ID:
11342407
Status:
Active
For:
Sale
Price:
$1,195,000
Last Updated:
22/05/2020
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Property Type

Offices/Medical/Consulting/Retail
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Land Area

607 SQM
Icon size

Floor Area

336 SQM
Icon parking

Parking

9

Office Block With Income And Development Potential

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 Price - $1,195,000

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

For more details, please email agent


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Ray White Commercial Bayside

Suite 3, 76 Old Cleveland Road, Capalaba, QLD 4157


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