196 - 198 Preston Road, Manly West, qld 4179

Development/Land | Medical | Retail

For Sale $1,100,000

  • Property ID: 275672
  • Floor Area: 300m²
  • Land Area: 810m²
  • Occupancy: Vacant
  • NBN Availability: Build Commenced
  • Cafes: 20+ nearby
Freestanding Retail / Medical Opportunity With Development Upside

James Dean Commercial, the EXCLUSIVE AGENTS are pleased to present this well priced development site in rapidly growing Manly West precinct. Zoned Neighborhood Center this regular shaped allotment allows for many different development concepts from Retail/Medical or Commercial/Residential... or both! The 20m frontage to busy Preston Road offers premium exposure as this is a main thoroughfare for Wynnum/Manly residents. With a Northerly aspect, this elevated site provides great natural light and air flow which are fundamental points for any redevelopment or refurbishment.

This property would perfectly suit an owner occupier who either redevelops or refurbishes the site to suit. The holding income and owners current scenario would suit most buyers as they can collect holding in come whilst going through the DA process. Time is on your side with shop 1 leased until 31/10/2020 and the owner is willing to lease back the restaurant until the date to bolster the income for the purchaser. The precinct of Manly West is highly underrated and offers massive capital growth with major residential developments nearby. The proximity to Wynnum/Manly foreshore, aged care facilities, child care centers and some of Brisbane most prestigious schools i.e Moreton Bay Girls College and Iona College is convenient and of great value to this site.

Key Features Include:
- 810m2 block (20m frontage)
- Building area 300m2 (approx) retail/commercial (40% GFA)
- Zoned "Neighborhood Center"
- 11 onsite car parks & disabled access
- Grease traps, exhaust and cold rooms
- The Indian Restaurant has been onsite for 15 years and is fully fitted out (owner occupied and willing to lease back if required)
- 100m2 is leased to a hair & beauty studio until 31/10/2020
- There is 50m2 open plan space left to let (currently being used as storage)
- Purchasers can benefit from 3 tenant income streams when fully let until refurbishment or redevelopment occurs

For a copy of the information memorandum or an immediate inspection call the EXCLUSIVE AGENTS from James Dean Commercial.

Additional Information
Features
  • Zoning: Neighbourhood Centre
Manly West Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4412 --- ---
Retail $6833 $867 12.68%
This is the average advertised price, rent and yield for Manly West, QLD 4179*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 196 - 198 Preston Road, Manly West, qld 4179. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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