Prime development opportunity on 809m2 MDR
Presenting a prime development opportunity in the heart of Wynnum Central. Whether you are looking to add to your existing portfolio or generate a substantial rental income as a property developer, this property has the scope for future development.
Comprising of 809m2 of land, this corner block is deemed MDR Medium Density Residential, a development outcome of up to four storeys can be established on the property, with the potential number of apartments subject to necessary Council approval and planning permissions.
The current property entails of a sunroom, loungeroom, two generous sized bedrooms, original condition kitchen, bathroom and external laundry.
– 809m2 corner block
– 19.8m frontage on Besham Pde x 40.7m frontage on Andrew Street
– Double block zoned Mdr Medium Density Residential (Up to 4 Storeys)
– Develop now or land bank for the future
– Existing post-war home onsite with a rental estimate of $390 – $400 per week
Wynnum is fast becoming the Bayside suburb for young professionals, families, and investors alike with a perfect mix of lifestyle and value for money.
If developed this property gives potential buyers &/or tenants the opportunity to enjoy all facets of the Bayside lifestyle including, waterfront parks, weekend markets, and fantastic community events with an abundance of things to do and see. Located just moments from Wynnum CBD, which offers an array of restaurants, cafes, wine bars, bike/walking paths along the Esplanade.
Easy access to public transport with rail and bus links directly to the Brisbane CBD, direct access to the Port of Brisbane, Gateway Arterial, and Brisbane Airport. Close proximity to private and state schools.
This property gives you the scope to create something dynamic, the choice is yours and the possibilities are endless!
Tender closing 2pm on Thursday 24th February