401-409 Main RoadWellington Point QLD 4160
Property Details for 401-409 Main Rd, Wellington Point
Last Listing description (April 2024)
RWC Bayside is pleased to present 401-409 Main Road, Wellington Point to market For Sale by Expressions of Interest, closing Wednesday 27 March 2024, 4pm (AEST).
Comprising a purpose-built single-level professional/retail building with 716sqm* NLA set on a high profile 2,218sqm* lot, this property is strategically positioned along the bustling high street of Wellington Point. The expansive frontage exceeds 40m*, ensuring excellent visibility and accessibility while the large on-grade car park enhances customer convenience.
Offered as a genuine investment opportunity with a current passing nett income of $259,495.64^, the property is being offered for sale with one vacancy providing a buyer with the opportunity to either occupy the vacancy or lease to a new tenant. Based on market rental we expect the fully leased centre to generate a nett income of $301,866.75^.
The land-rich site provides an opportunity for the future redevelopment of the property. The current 'Local Centre' zoning allows for a mixed-use development to a maximum of 3 storeys.
This property offers an enticing blend of stable passive income and significant future upside, making it an ideal investment opportunity for astute investors seeking both immediate returns and long-term growth.
Features include:
- 716sqm* single-level professional/retail building
- High profile 2,218sqm* lot on Wellington Point's high street
- Expansive 40m+ frontage
- Large on-grade car park
- Current passing nett income of $259,495.64^
- Potential nett income projected at $301,866.75^
- 'Local Centre' zoning allows for future development
- Immediate returns with long-term future potential
Expressions of Interest close Wednesday 27 March 2024, 4pm (AEST).
* Approximately
* All amounts quoted are nett values
Property History for 401-409 Main Rd, Wellington Point, QLD 4160
- 05 Apr 2024Sold
- 27 Feb 2024Listed for Sale EOI closes Wednesday 27 Mar 2024, 4pm (AEST)
- 31 Dec 2018Listed for Rent $71,940 / year
Commute Calculator
Recent sales nearby
See more recent sales nearbySimilar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Wellington Point 4160
The size of Wellington Point is approximately 9.7 square kilometres. It has 48 parks covering nearly 34.3% of total area. The population of Wellington Point in 2011 was 11,787 people. By 2016 the population was 12,332 showing a population growth of 4.6% in the area during that time. The predominant age group in Wellington Point is 50-59 years. Households in Wellington Point are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wellington Point work in a professional occupation. In 2011, 77.1% of the homes in Wellington Point were owner-occupied compared with 76.3% in 2016.
Wellington Point has 5,345 properties.
Suburb Insights for Wellington Point 4160
Market Insights
Trends for Houses
N/A
N/A
View TrendN/A
N/A
Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
