1604 Wynnum Rd Tingalpa QLD 4173

Savills are thrilled to present a terrific development opportunity to the market for Sale with pre-committed long-term commercial tenants.
1604 Wynnum Road, Tingalpa offers a strategic commercial retail property play with existing improvements to be fully refurbished by the new investor / developers. The functional existing building is earmarked for renovation with plans already in place to completely transform the facility for its' new occupiers. Multiple tenants have committed to lease the refurbished building including a new F&B drive through outlet for a new build on the site. Secured projected income of $752,500 Net per annum for two 10 year leases and a 15 year commitment.

The Sellers have completed most of the hard work already and have prepared preliminary designs, plans and have lease commitments in place for the development. They have committed to a sale to ensure the property is partnered with a buyer to complete the final pieces and deliver the refurb and new building construction to deliver for the committed parties.

Offered to the market for Sale via Expression of Interest, please contact the Exclusive Marketing Agents for a copy of the detailed Information Memorandum.