175 Bay TerraceWynnum QLD 4178
Property Details for 175 Bay Tce, Wynnum
Last Listing description (March 2021)
Ray White Commercial Bayside are pleased to offer 175 Bay Terrace, Wynnum for sale.
This two storey office block with an NLA of 336sqm* has been recently renovated and presents in excellent condition. The property currently has two tenants on the ground floor, with a remaining 168sqm* available for owner-occupiers. Alternatively, this space could be leased out, providing investors with a potential nett return of $82,750* + GST per annum.
Astute buyers will also take note of the development potential of the site, having a maximum building height of 5 storeys or 18m under the Wynnum/Manly Neighbourhood Plan (STCA).
Features include:
- 340sqm* two storey office building on 607sqm* block
- 58sqm* and 110sqm* ground floor offices returning a current nett rent of $38,950* + GST pa
- 168sqm* is available to lease or for an owner occupier
- Potential nett return of $82,750* + GST pa
- Future development upside (build up to 5 storeys/18m STCA)
Sale Price - $1,195,000
Contact Exclusive Agents - Benn Woods 0408 689 651 or Nathan Moore 0413 879 428
Property History for 175 Bay Tce, Wynnum, QLD 4178
- 01 Jun 2023Sold for $1,800,000
- 16 Feb 2021Sold for $1,115,000
- 08 Apr 2019Listed for Sale EXPRESSIONS OF INTEREST
Recent sales nearby
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0About Wynnum 4178
The size of Wynnum is approximately 6.1 square kilometres. It has 18 parks covering nearly 17.0% of total area. The population of Wynnum in 2016 was 12915 people. By 2021 the population was 14036 showing a population growth of 8.7% in the area during that time. The predominant age group in Wynnum is 50-59 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 2021, 63.70% of the homes in Wynnum were owner-occupied compared with 60.90% in 2016.
Wynnum has 7,350 properties. Over the last 5 years, Houses in Wynnum have seen a 94.23% increase in median value, while Units have seen a 97.60% increase. As at 31 March 2026:
- The median value for Houses in Wynnum is $1,461,747 while the median value for Units is $920,200.
- Houses have a median rent of $715 while Units have a median rent of $620.
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