602 Wynnum RoadMorningside QLD 4170
Property Details for 602 Wynnum Rd, Morningside
Last Listing description (November 2023)
602 Wynnum Road is a prominent local landmark occupied by five (5) successful tenants.
The building has been maintained to an exceptional standard whilst rents have not been pushed to market rates, providing the successful purchaser with obvious value-add opportunities.
Additional features include;
High exposure position on prominent main Road
Located in a vibrant inner-city precinct servicing many affluent neighbouring suburbs
Strong on-site car parking to the rear
Excellent ceiling height and natural light throughout
Net Income of $97,965.25 per annum (as of 1/11/2023), with potential to increase as leases come up for renewal
For Sale by Negotiation Assets of this calibre rarely become available to purchase and we encourage you to move quickly to secure.
Contact the Inner City Specialists & Exclusive Marketing Agents C Property QLD to discuss further.
Property History for 602 Wynnum Rd, Morningside, QLD 4170
- 20 Nov 2023Sold for $1,500,000
- 14 Aug 2023Listed for Sale Contact Agent
- 15 May 2020Listed for Rent - Price not available
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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 6,446 properties.
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