Rare freehold retail and office Building, with ultimate exposure to pedestrian and vehicular traffic prominently positioned on Bay Tce, with expansive bay views and possible future development opportunity (Development of a site in the Bay Terrace sub-precinct Wynnum—Manly neighbourhood plan/NPP-003e 5 stories 18 meters Residential – 2.9m residential Ground storey – 4.3m 2nd storey of podium – 3.5m # subject to DA AND COUNCIL APPROVAL).
Wynnum is a progressive area, fast becoming one of the most desirable city fringe locations.
The property comprises (currently) 3 shops plus 2 offices over 2 levels – along with a wonderful garage/workshop space at rear of property – all with tenants in place.
Italian Restaurant since Dec 2012, Optometrist over 20 years, Consultant engineer since Dec 2013, Herb life health since July 2013, Dentist Over 20 years, Picture Framer over 5years.
Land size is (approximately) 1215m2 over two titles.
Car parking for a number of vehicles with access from side of property
Retail hub / location plus
Current Gross income $118,800 per annum, with opportunity to improve.
Motivated Sellers insist the property must be sold!
(To Be Auctioned 26/02/2015 in rooms "Casa Di Louie" Restaurant 6.30pm 116 Bay Tce Wynnum). * please note land and floor areas are approx.