RWC Bayside is pleased to present 41-43 Wynyard Street, Cleveland to market for sale via Expressions of Interest.
Positioned in the heart of Cleveland's tightly-held town centre precinct, the asset presents a rare opportunity to secure a high-quality, income-producing commercial asset with genuine flexibility and long-term upside. Occupying a prominent 1,614sqm* landholding at the gateway to Cleveland Central Shopping Centre, within the established medical and professional hub, the property benefits from exceptional exposure, accessibility and surrounding amenity. The well-constructed building provides approximately 645sqm* of NLA and is currently configured as three separate tenancies.
The property generates a strong holding income of approximately $344,310 per annum, delivering meaningful cash flow from day one. With the ability to reconfigure into up to five tenancies or consolidate for a single owner-occupier, the asset offers significant flexibility. Principal Centre zoning permitting building heights up to 26m (STCA) further enhances the long-term development and intensification potential, making this an outstanding opportunity for investors and owner-occupiers alike.
Features include:
645sqm* nett lettable area
1,614sqm* prominent town centre landholding
Nett income approx. $344,310 PA (after land tax)
Configured as three tenancies with potential to expand to five
Principal Centre zoning - up to 26m height (STCA)
For sale via Expressions of Interest.
For more information please contact Nathan Moore or Alex Sinclair at RWC Bayside.
* Approximately
(STCA) Subject to Council Approval
The size of Cleveland is approximately 11.7 square kilometres. It has 55 parks covering nearly 19.2% of total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation.In 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.
Cleveland has 9,164 properties. Over the last 5 years, Houses in Cleveland have seen a 89.28% increase in median value, while Units have seen a 105.11% increase. As at 30 April 2026:
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