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55, 57, 61 & 63 Tingal Road
Wynnum QLD 4178
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Sold on 17 Jul 2024

55, 57, 61 & 63 Tingal Road Wynnum QLD 4178

  • Development / Land
  • 2,021 m²
  • Sold, $3,500,000

Bayside Development Site with Holding Income

    RWC Bayside and Ray White Special Projects (Qld) are pleased to present 55, 57, 61 & 63 Tingal Road, Wynnum to market For Sale by Expressions of Interest.

    With a total footprint of 2,021sqm* across 4 titles located in the heart of the Wynnum revitalisation area, this property includes a 2-level commercial brick building and timber cottage which currently generate a holding income of $118,036* PA.

    This is an opportunity for investors or owner-occupiers to utilise the current buildings, value-add and reset, or with its predominantly LMR2 zoning, redevelop the site^.

    Features include:
    - Total site area of 2,021sqm*
    - 4 existing titles
    - Located 14km* east of the Brisbane CBD on the edge of Moreton Bay
    - Predominantly zoned LMR2 Low-Medium Density Residential (2 or 3 storey mix)
    - 2 level commercial brick building
    - Timber cottage currently used as commercial rental space
    - Vacant land
    - Total holding income of $118,036* PA
    - Opportunities include utilising current buildings as investor or owner-occupier, value-add and reset or ultimately redevelop the site
    - Walk to train station, stunning Wynnum foreshore, Woolworths and Coles, refurbished Waterloo Bay Hotel, Bayside Cinemas
    - Wynnum has seen significant development over the past 5 years leading to an existing revitalisation of the core trade area.

    For Sale by Expressions of Interest closing Wednesday 5 June 2024, 4pm

    * Approximately
    ^ Subject to Council approval

    RWC (Bayside)
    RWC (Bayside)
    1/76 Old Cleveland Road
    Capalaba, QLD 4157

    Property Highlights

    Date Sold17 Jul 2024
    Sold Price$3,500,000
    Floor Area283 m²
    Land Area2,021 m²
    Energy0-star NABERS Energy rating
    ParkingAsk Agent
    Property ID2019227406
    Category
    Last updated  16 Aug 2024
    Map for 55, 57, 61 & 63 Tingal Road Wynnum QLD 4178
    RWC (Bayside)
    RWC (Bayside)
    1/76 Old Cleveland Road
    Capalaba, QLD 4157

    Property Highlights

    Date Sold17 Jul 2024
    Sold Price$3,500,000
    Floor Area283 m²
    Land Area2,021 m²
    Energy0-star NABERS Energy rating
    ParkingAsk Agent
    Property ID2019227406
    Category
    Last updated  16 Aug 2024

    Co-Agents

    Andrew Burke
    Ray White Special Projects Qld
    Call
    0417 606 128

    More about 55, 57, 61 & 63 Tingal Road Wynnum QLD 4178

    55, 57, 61 & 63 Tingal Road Wynnum QLD 4178 is categorized as Land & Development Property. It has a floor area of 283 m² and a land area of 2,021 m². The listing ID for this property is 2019227406.

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