Sold
96 Tingal Road,
Wynnum 4178, Queensland
$2,850,000
Property details
-
Agents
Fully Tenanted Freehold Building with Long Leases in Brisbane's Bayside
Ray White Commercial Bayside is pleased to present 96 Tingal Road, Wynnum to market For Sale by Expressions of Interest.
Situated at the intersection of Tingal Road and Edith Street, this prominent 490sqm* building on 553sqm* of land has excellent exposure on arguably Wynnum's busiest thoroughfare. The building also gains the advantage of seventeen 2hr car parks immediately adjacent on the end of Edith Street, without taking up any valuable site area.
The property is tenanted by Help Employment, and enduring Wynnum favourites Indian Spicy Villa and Dramanti Coffee. This fully leased investment provides buyers with secure long-term cash flow and ease of management. From 1 July 2023, the 3 well-established tenant businesses provide an annual income of $188,909* + GST (minus unrecoverable outgoings) on a 4.2* year WALE with options.
The hard work has already been done with this property, leaving investors free to reap the returns and capitalise on the regeneration of Wynnum.
Features include:
- 490sqm* NLA on a 553sqm* block zoned 'Major Centre'
- Well-established tenant businesses
- Prominent building with frontage to a major intersection
- Seventeen 2hr car parking spaces directly adjacent to the building on Edith Street
- Fully leased investment returning $188,909* + GST PA (minus unrecoverable outgoings)
- 4.2* year WALE
- Future development potential up to 28m (8 storeys) under the current Brisbane City Plan 2014
For Sale by Expressions of Interest
Contact exclusive agent Benn Woods of Ray White Commercial Bayside for the Information Memorandum
*Approximately
Situated at the intersection of Tingal Road and Edith Street, this prominent 490sqm* building on 553sqm* of land has excellent exposure on arguably Wynnum's busiest thoroughfare. The building also gains the advantage of seventeen 2hr car parks immediately adjacent on the end of Edith Street, without taking up any valuable site area.
The property is tenanted by Help Employment, and enduring Wynnum favourites Indian Spicy Villa and Dramanti Coffee. This fully leased investment provides buyers with secure long-term cash flow and ease of management. From 1 July 2023, the 3 well-established tenant businesses provide an annual income of $188,909* + GST (minus unrecoverable outgoings) on a 4.2* year WALE with options.
The hard work has already been done with this property, leaving investors free to reap the returns and capitalise on the regeneration of Wynnum.
Features include:
- 490sqm* NLA on a 553sqm* block zoned 'Major Centre'
- Well-established tenant businesses
- Prominent building with frontage to a major intersection
- Seventeen 2hr car parking spaces directly adjacent to the building on Edith Street
- Fully leased investment returning $188,909* + GST PA (minus unrecoverable outgoings)
- 4.2* year WALE
- Future development potential up to 28m (8 storeys) under the current Brisbane City Plan 2014
For Sale by Expressions of Interest
Contact exclusive agent Benn Woods of Ray White Commercial Bayside for the Information Memorandum
*Approximately
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Benn Woods
96 Tingal Road, Wynnum QLD 4178
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Benn Woods
96 Tingal Road, Wynnum QLD 4178