FOR SALE
Expression Of Interest

550 Wynnum Road
Morningside QLD 4170

Bedrooms: -
Bathrooms: -
Car spaces: 25
Floor area: 503m2
Land area: 1179m2
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Blue-Chip Inner City Freehold Property + Going Concern.

Freehold Investment - Freestanding Building in Morningside with Development Potential. ELDAD Property Group is proud to present to the market 550 Wynnum Road, Morningside for Sale via Expression of Interest.
First time on the market in 19 years. Rare opportunity to acquire freehold property plus going concern Tyrepower Morningside (Highly Profitable Tyre & Mechanical Business).
The property has the following features:
- 1,179m2 of land | Development Zone: Lmr2 Low-Medium Density Residential (2 Or 3 Storey Mix).
- 65m frontage to Wynnum Road with 2 driveways offering unmatched exposure and access.
- Located on one of Brisbane's busiest arterial roads with approximately 57,000 passing cars daily. As Brisbane prepares for the Olympics, Morningside is expected to become an even more vibrant hub, attracting locals and visitors alike.
- 503m2* Office / Workshop
- 676m2 Hardstand
- Large solar panels system installed (cost neutral electricity due to large solar panels system)
- Break-out areas, kitchen and male/female amenities.
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Property Details for 550 Wynnum Rd, Morningside

Building Type
Commercial
Floor Size
503m2
Land Size
1179m2

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About Morningside 4170

The size of Morningside is approximately 5.4 square kilometres. It has 16 parks covering nearly 8.9% of total area. The population of Morningside in 2011 was 9,399 people. By 2016 the population was 10,484 showing a population growth of 11.5% in the area during that time. The predominant age group in Morningside is 20-29 years. Households in Morningside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morningside work in a professional occupation. In 2011, 48.1% of the homes in Morningside were owner-occupied compared with 48.3% in 2016.

Morningside has 6,544 properties. Over the last 5 years, Houses in Morningside have seen a 79.38% increase in median value, while Units have seen a 70.96% increase. As at 31 August 2024:

  • The median value for Houses in Morningside is $1,373,309 while the median value for Units is $764,657.
  • Houses have a median rent of $720 while Units have a median rent of $620.
There are currently 31 properties listed for sale, and 28 properties listed for rent in Morningside on OnTheHouse. According to CoreLogic's data, 343 properties were sold in the past 12 months in Morningside.

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Cristian Marcu
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ELDAD PROPERTY GROUP
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