1362 Wynnum RoadTingalpa QLD 4173
Property Details for 1362 Wynnum Rd, Tingalpa
Last Listing description (April 2023)
QCommercial Properties in conjunction with RE/MAX U is proud to offer to the market for sale a recently constructed (2019) modern service station fully leased to a national tenant, Viva Energy Pty Ltd. This high exposure service station is strategically located only circa 200m from the Gateway Motorway and 11km from the Brisbane CBD.
This investment opportunity will be well sought after by many investor groups such as REIT, Superannuation funds, local and interstate investors. Key attributes for this opportunity include: recent construction allowing strong depreciation benefits to the investor, national head leased covenant, long lease with options in place and rent paid annually in advance which is rarely seen in the marketplace.
We call upon all astute investors wanting to secure a strategic asset such as this within their investment portfolio to contact Deepen Khagram, the exclusive marketing agent, to obtain a copy of the information memorandum and access to the data room.
UPDATE: There is an opportunity to purchase the adjoining property for potential development
- Recently constructed (2019) modern service station
- Rent - $401,372.13*p.a + GST (as of 10/9/22)
- Rent paid annually in advance
- Lease Term - 9 Years
- Options - 4 x 5 Years
- Annual increases - 2.75%
- Land area - 2,426m2*
- Strong depreciation benefits available***
- High exposure location to strong vehicular traffic along Wynnum Road
- Passing Traffic - 36,400* vehicles per day **
- The last service station circa 200m before the Gateway Motorway exit
- Only 11km* from the Brisbane CBD
- Will suit many investors: REIT, Superannuation funds, local and interstate
- Opportunity to purchase the adjoining property for potential development
- Area: 1364 Wynnum Road (Adjoining property) - 832m2*
- Investments like this are rarely available and will not last long!
- For Sale by Negotiation
*Approximately
**Brisbane City Council Site
***Seek your own independent financial advice
Property History for 1362 Wynnum Rd, Tingalpa, QLD 4173
- 16 Feb 2024Sold for $6,520,000
- 11 Jan 2023Listed for Sale For Sale by Negotiation
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About Tingalpa 4173
The size of Tingalpa is approximately 8.9 square kilometres. It has 23 parks covering nearly 32.9% of total area. The population of Tingalpa in 2011 was 8,539 people. By 2016 the population was 8,294 showing a population decline of 2.9% in the area during that time. The predominant age group in Tingalpa is 30-39 years. Households in Tingalpa are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tingalpa work in a professional occupation. In 2011, 70.5% of the homes in Tingalpa were owner-occupied compared with 71% in 2016.
Tingalpa has 3,898 properties. Over the last 5 years, Houses in Tingalpa have seen a 81.83% increase in median value, while Units have seen a 100.02% increase. As at 31 October 2024:
- The median value for Houses in Tingalpa is $972,223 while the median value for Units is $701,693.
- Houses have a median rent of $680 while Units have a median rent of $460.
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