212 Bay Terrace Wynnum QLD 4178

Patona Property are pleased to offer for sale 212 Bay Terrace, Wynnum - an exclusive opportunity to acquire a strategic asset in the bayside precinct.

212 Bay Terrace is an ex-Government office building suitable for both investors and owner occupiers. Currently configured for multiple tenancies, the building can easily be adapted to accommodate a single building user.

For Sale via Offers to Purchase closing
Thursday 5 September 2024 at 12 noon
(if not sold prior)

- 1604sqm land parcel with flexible zoning allowing for various development opportunities and future repositioning (Subject to Council Approval)
- 870sqm total building area across one floor
- 615sqm leased area, with 255sqm of shared area for tenants.
- 31x car parks (27x secure basement parks, 4x on-grade parks).
- Well maintained outdoor break-out area.
- Annual net income of $192,527 (approx.) with immediate market income growth.
- Strong tenant covenants including various healthcare groups, and Brisbane City Council.
- Major building works completed including new roof and 30kw solar system generating in excess of $25,000 per/annum.
- Expansive views to Moreton Bay and excellent natural light.

With improving retail and lifestyle amenity, the area is on a strong growth trajectory. The councils positive view on progress and development will encourage further investment in the suburb, leading to an optimistic outlook on the local market.

Please contact the listed agents for further details.