653 & 655 Wynnum Road, MORNINGSIDE | Property for sale | Savills
16,016.71 sq ft(1,488 sq m)
Price on application

653 & 655 Wynnum RoadMORNINGSIDE

    Development land
    16,016.71 sq ft (1,488 sq m)

    Key features

    • Net Lettable Area: 519sq m*
    • Site Area: 1,488sq m*
    • Prominent exposure with 38.5 metre* frontage to major arterial Wynnum Road
    • Fully leased net income of $132,090 including a brand new 3 year lease to Cash Converters
    • Tenants pay all outgoings
    • Value add potential through significant uplift in rent
    • 5 Storey development potential (STCA)
    • Less than 10km's to Brisbane CBD
    • Close proximity to public transport being 650metres* from Morningside Train Station and less than 75 metres* to the nearest bus stop

    For Sale | City Fringe Development Potential with Significant Holding Income

    About this property

    • Located approximately 5kms East of the Brisbane CBD, 653-655 Wynnum Road, Morningside presents an exceptional opportunity for a developer or value add investor to acquire a prominent commercial/retail building underpinned by considerable development potential. The property provides holding income including a brand new 3 year lease to ASX listed Cash Converters who contribute over a third of the net income.

    Local information

    • Approximately 5 kilometres east of the Brisbane CBD, Morningside residents enjoy its close proximity to the city while taking advantage of the community atmosphere the suburb affords.

    Available space

    LevelTenancySale TypePriceAreaSqmStatus
    n aAuction1488.00sq mAvailable