This 1447m2 block of Residential A or LR land with 32m frontage is one of the last of its size in the Wynnum area.

The block could be split and built on. Conversely you could buy and hold and build later on this property that has multi-stream income.

Currently there is a three bedroom, one bathroom house and a 40m2 shop on the property.

Presently undervalued, the rents at both the shop and house could be brought into line with their true market value as both sets of tenants are on a periodic lease. Only very recently substantially refurbished at the cost of the tenant the shop could absorb a significant increase.

Close to a major shopping centre and transport, the property is well located. It may well suit an owner occupier wanting to live in the house and run their business from the shop.

Blocks of this size with such enormous potential are a rarity and this property represents an excellent return in both the short and long term from your initial investment. Purchase now.

1447m2
Residential A land
Three bedrooms
One bathroom
Renovated 40m2 shop
Suit owner occupier
Split and build