1-2/11 Emsworth Street, Wynnum QLD 4178

A fantastic investment opportunity is set to sell under the hammer this Friday (the 17th November) at 10:30am, In-Room Auctions at Ray White Corporate Offices, Level 26, 111 Eagle St, Brisbane CBD.

Zoned High Density Residential (up to 8 Storeys) this 809SQM level block is a rare golden investment opportunity that can not be missed.

There is uncapped financial potential for a savvy developer looking to build multilevel dwellings whilst receiving a passing income during the planning stages. Alternatively, there are 3 x single storey tenanted units already occupying the land making this property ideal for investors to receive generous income and hold for future capital growth.

The property is located within the Parkside Sub-Precinct; 850 metres to the Wynnum waterfront and a 250 metre stroll to the Wynnum business hub. With panoramic Moreton Bay views well within the approved zoning height limit; unlock the potential that this ideally located property has to offer.

This 3 unit complex is currently fully tenanted with a return of $53,000 per annum, providing an instant return on investment.

This property ticks all the boxes for the perfect investment or redevelopment:

- 809sqm Level Block - High Density Residential (up to 8 storeys) Zoning
- Located within the Parkside Sub-Precinct of Wynnum/Manly Neighbourhood Plan
- Panoramic Moreton Bay views well within the approved zoning height limit
- 3 x 2 bedroom units with individual courtyards and single garages
- $53,000 per annum current rental return
- 250m to Wynnum business precinct & train station
- 850m from Wynnum waterfront

This property is being sold without a price by Auction and therefore a price guide cannot be provided. This statement is prescribed under Section 10 of the Property Occupations Regulation 2014