100% Leased. Prime Freehold Retail Investment On 405sqm Land Area.

Offers To Purchase

138 Bay Terrace

Wynnum QLD 4178

Retail

FOR SALE

140m2

* Prime Freehold Investment, only 2 blocks from the Esplanade. Fully Leased. Currently 2 shops.
* Shop 1: Leased to Twinkle Arts. Existing lease until 23/09/2024 (No option) Rent $28,202.72 Gross Per Annum + GST. 70sqm Approx.
* Shop 2: Leased to The Fairy Shop. Existing lease until 14/08/2026. Rent $30,000 Gross Per Annum + GST. 70sqm Approx.
* Total Income: $58,202.72 Per Annum Gross + GST
* Outgoings Approx: Rates $5,317.40 Per Annum. Utilities $1,344 Per Annum. Total $6,661.40 Per Annum.
* Zoning: Mu2. Mixed Use. (Centre Frame) Massive Main Road exposure to Bay Tce. Future development potential (subject to council approval).
* Glass shop fronts to both tenancies. Front and rear access to both shops and rear amenities.
* Easement through Edith St for car park access. Parking for 8 cars at rear of property.
* Extremely rare opportunity to purchase in tightly held Wynnum precinct.
* Owner has provided clear instructions to SELL.
* Submit All Offers in writing to Manoli Nicolas mnicolas@ljhbrisbane.com.au or Tasmin Colquhoun tcolquhoun@ljhbrisbane.com.au.

PRICE: Contact Agent
BUILDING AREA: 140 sqm
LAND AREA: 405 sqm