70 Edith Street, Wynnum QLD

For Sale

Retail

SOLD

1280m2

The subject property provides a multi-tenanted, two-level retail/commercial building erected on a 1,215m²* ‘L-shaped' allotment. Although older in style, the building currently offers a reasonable standard of accommodation, with an eclectic mix of tenants on short-term leases.

The property boasts dual street frontage and the potential for expansive city and bay views if developed up to it's maximum 8 storeys (up to 28m) Parcels of this size in the tightly held Wynnum CBD rarely come to market, presenting an outstanding opportunity for an astute buyer to secure an income producing asset with huge future development potential.

Features include:
- Two street frontage, including a 20m* frontage to Edith Street
- Centrally located near banks, supermarkets and Australia Post
- Located within urban renewal precinct, allowing for mixed-use redevelopment to eight (8) storeys or 28m (S.T.C.A)
- Current Nett income $68,678p.a* + GST
- Potential Nett income $179,427p.a* + GST

Sale Price - $1,990,000

* Approximately