FOR SALE
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550 Wynnum Road
Morningside QLD 4170

Bedrooms: -
Bathrooms: -
Car spaces: 25
Floor area: 1179m2
Land area: 1179m2
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Inner City Blue Chip Freehold Location and Business For Sale

Inner City Freehold Blue Chip Property and Going Concern.
A strong freehold investment.
Options to either buy the land only $3,300,000 and have a ($165,000 per annum + outgoings) being a 5.6% ROI per annum or buy the business and the land for $4,000,000.
1,179m2 of land | Development Zone: Lmr2 Low-Medium Density Residential (2 Or 3 Storey Mix).
Freestanding Building in Morningside with Development Potential. First time on the market in 20 years. Rare opportunity to acquire freehold property plus going concern Tyrepower Morningside (Highly Profitable Tyre & Mechanical Business).
Property Features:
- adjacent to Morningside train station
- 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
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Property Details for 550 Wynnum Rd, Morningside

Building Type
Commercial
Floor Size
1179m2
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 6,467 properties. Over the last 5 years, Houses in Morningside have seen a 82.44% increase in median value, while Units have seen a 76.38% increase. As at 31 October 2024:

  • The median value for Houses in Morningside is $1,432,629 while the median value for Units is $805,024.
  • Houses have a median rent of $700 while Units have a median rent of $625.
There are currently 35 properties listed for sale, and 23 properties listed for rent in Morningside on OnTheHouse. According to CoreLogic's data, 340 properties were sold in the past 12 months in Morningside.

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Mario Nagy
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Absolute Estate Agents
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