91-97 Clara Street, Wynnum, QLD, 4178

Savills are proud to offer this prime medical investment opportunity with future development potential located at 91-97 Clara Street, Wynnum.

Unlock the potential of stable annuity income with this premium, fully leased medical investment at 91-97 Clara Street, Wynnum. This property offers a diversified income stream from four tenancies, including Sullivan & Nicolaides/Sonic Health, an optometrist, a dentist, and an accountant.

With long-term fitouts catering to high demand for medical services, this investment meets growing community needs. The property also offers significant development potential, with the possibility to expand up to 8 levels and a Gross Floor Area (GFA) of approximately 10,000 sqm.

Invest confidently in this medical asset, demonstrating robust capital appreciation and combining stability with growth potential, located adjacent to the bay.

Interest and offers are encouraged on 91 Clara St, 97 Clara St, or the entire 2,020 sqm* land holding.

Highlights:

- Land Area: 2,020 square metres*

- Existing Building Area: 776 square metres*

- Gross Rental Income: $303,432 PA*

- Outgoings (incl. land tax): $100,868 PA*

- Net Income: $202,563 PA*

- Potential Allowable Gross Floor Area (GFA): Estimated at 10,000 sqm*

FOR SALE – Offers closing Thursday the 11th of July 2024 at 4:00pm.

Remember to mention you found this property on CommercialReady