FOR SALE
$598,000

Contact Agent For Address
Wynnum West QLD 4178

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BRISBANE BAYSIDE - BUSINESS ONLY OPPORTUNITY

With no Real Estate to purchase this modern, simple and compact Management Rights operation is now offered for sale.
Manageable duties and 23 years to run on agreements make this townhouse complex ideal as an add-on business or single person operation.
The Wynnum West location is enjoying strong growth and rental demand from those attracted to the bayside lifestyle.
Just a short walk to Wynnum Plaza shopping and cafes, and close to M1, public transport, good schools, sporting / health facilities and waterfront activities.
Profit and Loss statement by an industry accountant shows a Net Profit of $110,000 for the twelve months to 30th April 2024.

Property Details for Contact Agent For Address, Wynnum West

Building Type
Commercial

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About Wynnum West 4178

The size of Wynnum West is approximately 5.8 square kilometres. It has 33 parks covering nearly 10.6% of total area. The population of Wynnum West in 2011 was 11,745 people. By 2016 the population was 12,309 showing a population growth of 4.8% in the area during that time. The predominant age group in Wynnum West is 40-49 years. Households in Wynnum West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wynnum West work in a professional occupation. In 2011, 62.4% of the homes in Wynnum West were owner-occupied compared with 60.6% in 2016.

Wynnum West has 5,504 properties. Over the last 5 years, Houses in Wynnum West have seen a 78.73% increase in median value, while Units have seen a 104.85% increase. As at 30 November 2024:

  • The median value for Houses in Wynnum West is $982,375 while the median value for Units is $695,376.
  • Houses have a median rent of $683 while Units have a median rent of $570.
There are currently 21 properties listed for sale, and 8 properties listed for rent in Wynnum west on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Wynnum west.

Suburb Insights for Wynnum West 4178

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.