175 Bay Terrace,
Wynnum, QLD 4178
Offices • Medical & Consulting • Shops & Retail
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Map of 175 Bay Terrace
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 Price - $1,195,000
Contact Exclusive Agents - Benn Woods 0408 689 6... or Nathan Moore 0413 879 4...
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 6... or Nathan Moore 0413 879 4...
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Property ID: 503159294Last Updated: 30 Mar 2021
175 Bay Terrace
Wynnum, QLD 4178
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