House for sale

House in Wynnum, QLD

4 3 1
Serious offers over $1,080,000

Incredible Development Opportunity Opposite Waterfront!

This mixed commercial/residential income producing site offers the astute investor an opportunity to secure and develop prime real estate in one of Brisbane's most coveted and exclusive waterfront suburbs.

Develop the 854m2 block and build a large unit complex in addition to 2 x commercial tenancies where residents can enjoy sweeping views of Moreton Bay and beautiful Wynnum Foreshore.

Lifestyle attractions of this location include being within walking distance to the train station, a vibrant hub of cafes, restaurants, markets as well as scenic waterfront walks, picnic grounds, parks, jetty, swimming, fishing and boating.

Key Points:
* 4 Bed home (145m2) + Commercial Building (205m2) - see plans
* D.A. previously approved for 7 units + 2 x commercial tenancies
* New changes allow 'potential' of 11 units + 2 x commercial tenancies
* Some banks will consider 20% deposit for 'commercial' loan
* Develop the block with units + ground floor cafe/restaurant
* 854m2 corner block with 14.5m street frontage
* Prominent main road exposure for potential businesses
* Land use: sales area outdoors (dealers, cars, boats, cafes etc.)
* Land zoned: business
* Earn immediate income with current tenants until ready to develop
* 3/4 bedroom home -tenants in place on periodic lease
* Commercial building - tenant in place on periodic arrangement
* 9 min walk to Wynnum Foreshore, cafes, restaurants & shops
* 11 min walk to Wynnum Train Station - commute with ease
* 20 min drive to Brisbane Airport & 30 min drive to Brisbane CBD
* 5-10 mins to Iona College, Wynnum State High & Primary Schools

Develop and capitalise on this unbeatable location to underpin and secure your financial future for many generations to come.
Last updated: 01:47PM on Jul 17th 2019
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