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Sold on 11 Mar 2024 - Price Unavailable

96 Tingal Road
Wynnum QLD 4178

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 490m2
Land area: 553m2
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Property Details for 96 Tingal Rd, Wynnum

Building Type
Commercial
Floor Size
490m2
Land Size
553m2
Local Government
Brisbane
Lot/Plan
205/RP33113

Last Listing description (March 2024)

Ray White Commercial Bayside is pleased to present 96 Tingal Road, Wynnum to market For Sale by Expressions of Interest.

Situated at the intersection of Tingal Road and Edith Street, this prominent 490sqm* building on 553sqm* of land has excellent exposure on arguably Wynnum's busiest thoroughfare. The building also gains the advantage of seventeen 2hr car parks immediately adjacent on the end of Edith Street, without taking up any valuable site area.

The property is tenanted by Help Employment, and enduring Wynnum favourites Indian Spicy Villa and Dramanti Coffee. This fully leased investment provides buyers with secure long-term cash flow and ease of management. From 1 July 2023, the 3 well-established tenant businesses provide an annual income of $188,909* + GST (minus unrecoverable outgoings) on a 4.2* year WALE with options.

The hard work has already been done with this property, leaving investors free to reap the returns and capitalise on the regeneration of Wynnum.

Features include:
- 490sqm* NLA on a 553sqm* block zoned 'Major Centre'
- Well-established tenant businesses
- Prominent building with frontage to a major intersection
- Seventeen 2hr car parking spaces directly adjacent to the building on Edith Street
- Fully leased investment returning $188,909* + GST PA (minus unrecoverable outgoings)
- 4.2* year WALE
- Future development potential up to 28m (8 storeys) under the current Brisbane City Plan 2014

For Sale by Expressions of Interest

Contact exclusive agent Benn Woods of Ray White Commercial Bayside for the Information Memorandum

*Approximately

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Property History for 96 Tingal Rd, Wynnum, QLD 4178

A timeline of how this property has performed in the market
Last Sold
11 Mar 2024
Listed for Rent
$517/w
11 Jun 2021
  • 08 Mar 2024
    Sold for $2,850,000
  • 17 Jan 2024
    Listed for Sale Expressions Of Interest
  • 02 Nov 2023
    Listed for Sale Expressions Of Interest
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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 7,211 properties. Over the last 5 years, Houses in Wynnum have seen a 86.37% increase in median value, while Units have seen a 81.60% increase. As at 31 October 2024:

  • The median value for Houses in Wynnum is $1,212,910 while the median value for Units is $788,671.
  • Houses have a median rent of $685 while Units have a median rent of $550.
There are currently 51 properties listed for sale, and 42 properties listed for rent in Wynnum on OnTheHouse. According to CoreLogic's data, 315 properties were sold in the past 12 months in Wynnum.

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Contact agent
Benn Woods
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RWC Bayside
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