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Price Reduction - Owner Occupier Industrial Sheds With Ho...

24 Thorne Street, WYNNUM QLD, 4178


Property Sold in 24 Thorne Street, WYNNUM QLD, 4178

Listing ID:
Offers over $749,000^
Last Updated:
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Property Type

Icon square

Land Area

1090 SQM
Icon size

Floor Area

590 SQM
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Price Reduction - Owner Occupier Industrial Sheds With Holding Income

Located at the end of Thorne Street in Wynnum's industrial estate, this 1090sqm* block has loads of potential options for the owner occupier looking for an income stream as well. The site currently has a 340sqm* two storey house at the front (rented to Karma Muay Thai), and two sheds at the rear (rented to a mechanic and metal worker) totalling another 240sqm* of building.

The site has excellent access, the advantage of the train station at the end of the street for staff/clients, and is only a stone's throw from the Trade Coast Area and Gateway Motorway.

The property currently returns an income of $41,482 + GST* pa with leases expiring/up for renewal mid-2019 for the sheds, and Dec 2020 for the house.

This presents buyers with a number of options: Keep all the tenants on for income, occupy part of the property for your business with some income, live in the house and work in the sheds, or redevelop the massive 1090sqm* block with a new custom structure. (Subject to lease expiry/es, STCA)

Please contact exclusive agents Benn Woods 0408 689 651 and Kyle Woodbine 0411 597 579 to inspect and for more info.

Sale Price: Offers Over $749,000^

^GST "Going Concern" exemption to be applied

For more details, please email agent

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