110 to 114 Bay Terrace, Wynnum
Sold for $ 1,558,888
Wynnum SOLD by Peter Elisseos Professionals Style Real Estate Retail - Shopping Centre - Property ID: 773764
The Ultimate in Position and Opportunity
To Be Auctioned 26/02/2015 in rooms "Casa Di Louie" Restaurant 6.30pm 116 Bay Tce Wynnum.
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 height- Residential 2.9m Ground storey - 4.3m 2nd storey of podium - 3.5m) subject to DA AND BRISBANE CITY 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 + GST 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).