Wynnum Lodge - A Truly Rare Investment
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426 Tingal Road Wynnum qld 4178
James Dean Commercial is pleased to present this rare investment opportunity "Wynnum Lodge". This is the first time this property has been offered to the market in over 35 years. Wynnum Lodge is a free standing registered residential boarding house with 12 rooms, underpinned by a 746m2 elevated block of land with refreshing bay breezes. Boasting a significant instant income this property is suitable for the astute investor or Self Managed Super Fund (SMSF). Wynnum Lodge has been owned and operated by a local family that is now looking to retire and a genuine and realistic sale process will take place in early 2018. Key Features Include: - Free Standing 746m2 elevated block of land - Registered operational residential 12 room boarding house - Zoned CR1 "Character" (Pre 1946) - Well maintained - Annual Nett income of $80,328.49 (Nett Income = Income AFTER outgoings) - Onsite care taker Wynnum Lodge is in a great location, opposite Manly State School, 200m to Wynnum Train-station and just a short walk to the Wynnum / Manly foreshore, restaurants, bars & cafe's. The owners are also selling "Manly Lodge" located at 56 Ernest St, Manly. These properties can be sold individually or in one line. Expressions Of Interest will close 5pm Wednesday 28th February 2018. The property can be sold prior to this date. Contact the exclusive agents for a copy of the information memorandum or to arrange your private viewing.
