216 Bay TerraceWynnum QLD 4178
Property Details for 216 Bay Tce, Wynnum
Last Listing description (October 2023)
Footsteps from the lure of Wynnum CBD's cute boutiques and fashionable cafes, and just metres from the glittering Esplanade, this property inspires grand visions with a generous 810m2 landholding across two titles.
Prudent buyers will appreciate a multitude of options on offer here with potential to land bank, subdivide and redevelop, or simply invest and reap the rewards of this established lifestyle precinct.
The existing property offers extensive leasing opportunities with a grand 361m2 internal layout featuring bathroom and kitchen facilities, plus the benefit of frequent foot traffic and great exposure. Currently zoned for CF4 community facility use, there is plentiful potential to follow suit of neighbouring developments, and apply for re-zoning to make way for a brand-new apartment complex (STCA).
Features:
- For sale by expression of interest closing (date & time)
- 810m2 across two titles
- Currently owned and occupied as a place of worship - immediate vacant possession available
- Extensive leasing opportunities with a mix of retail, dining and specialty services nearby
- Current building offers 361m2 under-roof with bathroom, kitchen, and storage facilities
With land sizes in excess of 800m2 so scarcely available to the Wynnum market, it is this property's generous landholding, and specifically its phenomenal Wynnum CBD-fringe position that makes this purchase a genuine once-in-a-lifetime opportunity. Well-connected to Brisbane CBD via bus and train services, this bustling community is highly celebrated for its famed waterfront attractions, specialty stores and major retail, great schools and of course, swift access to the magic of Moreton Bay and beyond.
Tender!! Submit offers by 6th of October 2023 Friday 5 pm
Property History for 216 Bay Tce, Wynnum, QLD 4178
- 13 Sep 2023Sold for $2,300,000
- 06 Sep 2023Listed for Sale Sold
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About Wynnum 4178
The size of Wynnum is approximately 6.1 square kilometres. It has 18 parks covering nearly 17% of total area. The population of Wynnum in 2011 was 12,229 people. By 2016 the population was 12,924 showing a population growth of 5.7% in the area during that time. The predominant age group in Wynnum is 40-49 years. Households in Wynnum are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wynnum work in a professional occupation. In 2011, 60.2% of the homes in Wynnum were owner-occupied compared with 60.9% in 2016.
Wynnum has 7,230 properties. Over the last 5 years, Houses in Wynnum have seen a 89.81% increase in median value, while Units have seen a 83.72% increase. As at 30 September 2024:
- The median value for Houses in Wynnum is $1,211,648 while the median value for Units is $767,105.
- Houses have a median rent of $665 while Units have a median rent of $550.
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