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The sale of 212 Bay Terrace, Wynnum for $3,650,000 reflects, 4.65% cap rate & 22% premium to pre-market interest.
The campaign generated deep buyer interest, with ~$45million of unsatisfied capital looking to invest in the Brisbane Bayside precinct.
212 Bay Terrace, Wynnum
Land Area: 1,604sqm
NLA: 845sqm
Zoning: Low Density Residential Zone
Occupancy: Tenanted
Sale Price: $3,650,000
Sale Rate / Sqm (Land): $2,275/sqm
Sale Rate / Sqm (NLA): $5,935/sqm