Exclusive

Block of 4 strata title units being sold in one line

ResortBrokers is excited to bring to the market the opportunity to purchase a freehold site consisting of 4 x two-bedroom units being sold in one line. This is a fantastic real estate investment opportunity with huge potential for future development. Set on 809m2 of land zoned RESIDENTIAL B R4 and with an approx. 20 metres frontage, Wynnum Bayside Apartments are currently being run as short term accommodation achieving a yearly revenue of rental income of over $150k in 2021 alone. However, after expenditure was used in order to run the business as passively as possible, the owners earnt a Net profit of $79,104. Wynnum Bayside Apartments has been assessed by Queensland Tourism with a 4.5-star accommodation rating.

  • Whole block of units for sale in one line
  • 4 x two-bedroom units, garages within a secure gated yard
  • FY2021 had revenue of $154k
  • After expenses to run as a short term semi-passive operation $75k Net Profit
  • Opportunity to continue as short term accommodation
  • Future development opportunity
  • Amazing bayside location just 200m to the Wynnum Foreshore
  • Genuine reason for sale - owners' employment situation has changed
  • Booming Wynnum property market
  • Inspections are by appointment only
Nathan Eades

Interested? Why not give Nathan Eades a call on 0448 339 920 or