2,023sq m Former Wynnum North Preschool - Commercial Property ...

2,023sq m Former
Wynnum North Preschool
405 Tingal Road, Wynnum, QLD

Former Wynnum North Preschool, 405 Tingal Road, WYNNUM
executive summary
Savills are pleased to present the former Wynnum North
Preschool for sale.
Address
Former Wynnum North Preschool,
405 Tingal Road (Corner Prospect Street)
Wynnum QLD
Location
Located 21km east of the Brisbane GPO with transport
and retail facilities nearby and only 10 minutes drive to the
Port of Brisbane.
Real Property Description
Lot 450 on SL4721
Site Area
2,023sq m approximately
Frontages
40m approx. to Tingal Road,
50m approx. to Prospect Street
Town Planning
Currently zoned ‘Community Use Area – CU4’
Previous Use
Former Wynnum Preschool
Vacant Building
The government have ceased operations at the building
and the property is able to be inspected anytime
Surrounding Uses
Low density residential
View the property video by searching
’405 Tingal Rd, Wynnum’
FOR SALE
Closing Date for Offers
4:00PM Wednesday 10th October
© Copyright Savills 1

contents
executive summary ......................................................... 1
wynnum real estate market overview ............................. 3
wynnum demographics .................................................. 4
market research – wynnum............................................. 5
location map .................................................................... 6
location description ........................................................ 7
property description...................................................... 11
existing building plan .................................................... 12
town planning parameters ............................................ 13
conclusion ..................................................................... 16
Exclusive Selling Agent:
Robert Dunne
Divisional Director
Commercial Sales
+61 (7) 3002 8806
+61 (0) 418 888 840
rdunne@savills.com.au
© Copyright Savills

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
wynnum real estate market overview
Wynnum is about 20km from Brisbane's CBD, and has been rediscovered by residents who want to live near the ocean. The
area has a yacht club in nearby Manly which attracts a lot of interest from people all over Brisbane. Wynnum is well serviced
by a train line.
The Wynnum Hospital is located in Whites Road. There are a number of public and private schools (about six primary, two
secondary, and six kindergartens). The closest TAFE is at Alexandra Hills about 10 minutes away. The suburb has access to
all the major supermarket and retail chains; there is also Manly Harbour Shopping Village and street shopping available.
Capalaba Shopping Centre and Westfield Carindale, in nearby suburbs are 10 to 15 minutes away. Plenty of bike and walk
ways, a community swimming pool and a seawater wading pool are available to residents. In the summer there are many of
outdoor activities such as canoeing, rollerblading, and biking.
Over 50 per cent of houses accommodate families, retirees and older residents, who make up the majority of the population.
There is a wide cross section of couples and families attracted by the extensive redevelopment around the waterfront
precinct and the inspired street scaping around the Wynnum and Manly areas. With very little land left in close proximity to
the waterfront, homebuyers wanting the bay side lifestyle are renovating older homes and cottages. The Wynnum/Manly area
is well serviced by commercial and retail precincts, which continue to thrive as the area gains in popularity.
Source of Images: reiq.com.au
© Copyright Savills 3

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
wynnum demographics
According to the 2011 census conducted by the Australian Bureau of Statistics the total population of Wynnum residents is
12,526 people and the average age of residents is 40 years old.
The median weekly household income for the suburb of Wynnum is $1,272 and the average monthly mortgage repayment is
$2,167. The average income for individuals is higher than the recorded weekly income for the state of Queensland of $587
with an average of $633 per week. Accordingly, Wynnum recorded higher weekly income rates for Family and households
when compared with Queensland.
Graphs outlining the land sales and median sale price for Wynnum are shown below:
70
60
50
40
30
20
10
0
Wynnum
Land Sales and Median Price
2000 to 2012
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Number of Sales
Source: Savills Research
Median Sale
Wynnum
Detached House Sales and Median Price
2000 to 2011
70
60
50
40
30
20
10
0
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Number of Sales
Median Sale
Source: Savills Research
© Copyright Savills 4

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
market research – wynnum
Summary details of properties recently sold in Wynnum are summarised below:
Vacant Allotments Sold
Address Land Area (sq m) Sale Date Sale Price Land Rate
5 Fox St, Wynnum 1,197 6/10/2011 $1,105,500 $923/sq m
62 Stratton Tce, Wynnum 607 16/3/2012 $600,000 $988/sq m
16 Adam St, Wynnum 440 24/1/2011 $470,000 $1,068/sq m
29 Akonna St, Wynnum 350 14/6/2011 $435,000 $1,242/sq m
70 Tamaree Ave, Wynnum 541 3/5/2012 $390,000 $720/sq m
68 Tamarre Ave, Wynnum 541 26/4/2012 $387,500 $716/sq m
26 Pansy St, Wynnum 476 14/1/2011 $320,000 $672/sq m
87 Emsworth St, Wynnum 405 4/11/2011 $310,000 $765/sq m
26 Waterview St, Wynnum 405 2/5/2012 $305,000 $753/sq m
16 Tulip St, Wynnum 405 14/7/2011 $300,000 $740/sq m
52 Emsworth St, Wynnum 400 19/10/2011 $300,000 $750/sq m
70 Tamaree Ave, Wynnum 541 4/4/2011 $297,500 $549/sq m
56 Uplands Tce, Wynnum 600 11/11/2011 $295,000 $491/sq m
141 Henry St, Wynnum 405 5/3/2011 $290,000 $716/sq m
119 Besham St, Wynnum 405 17/3/2012 $280,000 $691/sq m
71 Jolfre St, Wynnum 404 14/7/2011 $275,000 $680/sq m
21 French St, Wynnum 405 30/4/2012 $275,000 $679/sq m
43 Hutton Ave, Wynnum 424 27/3/2012 $275,000 $648/sq m
12 Hillcrest Ave, Wynnum 400 6/4/2011 $260,000 $650/sq m
2143 Wynnum Rd, Wynnum 449 28/5/2012 $260,000 $579/sq m
Source: RPData & Savills Research
Whilst this information has been prepared in good faith and with due care, Savills makes no representations or warranties (express or implied) in relation to the accuracy,
currency, completeness or suitability of the information. This information is intended as a guide only and does not constitute advice nor does it constitute any offer or part
of any contract. Any specific measurements, values or quantities contained in this information are approximate and have not been independently verified. Any user of this
information should not rely on it but should make their own enquiries to verify and satisfy themselves of all aspects of the information. Savills, its officers, employees,
subcontractors, agents and clients shall not be liable (to the extent permitted by law) to any person for any loss, liability, damage or expense arising from or connected in
any way with any use of, or reliance on, this information.
© Copyright Savills 5

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
location map
405 Tingal Road, WYNNUM
© Copyright Savills 6

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
location description
The distance from 405 Tingal Road, Wynnum to:
Wynnum Manly Leagues Bowls 700m Wynnum High School 3.5km
Wynnum Train Station 800m Manly Primary School 3.5km
Elanora Park 800m Wynnum Plaza 3.6km
Wynnum RSL 1.2km Wynnum Manly Yacht Club 3.8km
Wynnum North Train Station 1.3km Wynnum Hospital 4.4km
Wynnum Family Health Service 1.5km Royal Queensland Yacht Squadron 4.5km
Wynnum Central Train Station 1.5km Port of Brisbane 10km
Wynnum North High School 1.7km Westfield Carindale 12.4km
Wynnum Golf Course 1.8km Metropolitan South Institute of Tafe 15km
Lindum Primary School 2.5km Brisbane Airport 16.9km
Brisbane CBD
21km
SOURCE: Whereis.com.au
Wynnum is 21km and 30 minutes by car from Brisbane's CBD, and, like the nearby suburb of Lota, has been rediscovered
by residents who want to live near the ocean. Wynnum is serviced by a train line and the journey to the Brisbane CBD takes
about 35 minutes. The Wynnum Hospital is located in Whites Road. There are a number of public and private schools (about
six primary, two secondary and six kindergartens). The closest TAFE is at Alexandra Hills about 10 minutes away.
The suburb has access to all the major supermarket and retail chains; there is also Manly Harbour Shopping Village and
street shopping available. Capalaba Shopping Centre and Westfield Carindale, in nearby suburbs are 10 to 15 minutes away.
Plenty of bike and walk ways, a community swimming pool and a seawater wading pool are available to residents. In the
summer there are many of outdoor activities such as canoeing, rollerblading, and biking. There is a School of the Arts and
municipal hall where local activities are held.
Over 50 per cent of houses accommodate families, retirees and older residents, who make up the majority of the population.
There is a wide cross section of couples and families attracted by the extensive redevelopment around the waterfront
precinct and the inspired street scaping around the Wynnum and Manly areas. With very little land left in close proximity to
the waterfront, homebuyers wanting the Bayside lifestyle are renovating older homes and cottages.
The Wynnum/Manly area is well serviced by commercial and retail precincts, which continue to thrive as the area gains in
popularity.
Source: REIQ
© Copyright Savills 7

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
© Copyright Savills 8

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
location description
Wynnum Plaza Royal Queensland Yacht Squadron Port of Brisbane
Site Location
Locality and Surroundings
405 Tingal Road is located in the Suburb of Wynnum, bordered by the suburbs of Wynnum West, Wynnum North and Manly.
The subject property is immediately bordered by residencies to the East and South and has two street frontage to Tingal
Road on the Western Boundary and Prospect Street on the Northern Boundary.
Proximity to Services and Amenities
Public Transport
Located just 800 meters to Wynnum Train Station and 1.3 kilometres to Wynnum North
Train Station.
Shopping centres
405 Tingal Road, Wynnum is 1.3km from Wynnum Shopping Centre, 3.6km from
Wynnum Plaza and approximately 10-15 minutes away from Westfield Carindale.
Schools & Education Wynnum North High School 1.7km
Lindum Primary School
2.5km
Wynnum High School
3.5km
Manly Primary School
3.6km
Moreton Bay College
5.9km
Parks & Recreation
The asset enjoys close proximity to a variety of parks and sports and recreational
locations and is benefitted by being situated in a waterfront precinct. The Manly-
Wynnum Yacht Club and the Royal Queensland Yacht Squadron attracts a lot of
interest from people all over the region.
Port of Brisbane
Approximately 10km from 405 Tingal Road, The Port of Brisbane is Australia’s fastest
growing container port, and Queensland’s largest general cargo port. It is located at the
mouth of the Brisbane River, and is managed and developed by the Port of Brisbane
Pty Ltd (PBPL), under a 99-year lease from the Queensland Government.
© Copyright Savills 9

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
© Copyright Savills 10

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
property description
Property Address
405 Tingal Road, Wynnum
Real Property Description
Lot 450 on SL4721
Local Authority
Brisbane City Council – Wynnum/Manly Local Plan
Land Area
2,023sq m approx.
Zoning
Currently Zoned ‘Community Use Area – CU4’
Site Dimensions
40.2m approx. Western Boundary
50.3m approx. Northern Boundary
40.4m approx. Eastern Boundary
50.3m approx. Southern Boundary
Roads and Access
Tingal Road and Prospect Street are two lane bitumen sealed
carriageways with concrete kerbing, channeling, footpaths
and street lighting.
Services and Infrastructure
Reticulated town water, sewerage, power and telephone are
provided to the street frontage of the property.
Existing Building Area
470sq m approx.
© Copyright Savills 11

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
existing building plan
© Copyright Savills 12

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
town planning parameters
Urbis have investigated the property and provided the following town planning parameters for 405 Tingal Road, Wynnum:
© Copyright Savills 13

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
town planning parameters cont.
© Copyright Savills 14

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
town planning parameters cont.
Source: Urbis
This snapshot is based on a preliminary desktop appraisal of publicly accessible information only and is limited to this extent. Any third party who
chooses to rely on information contained in this document is recommended to make their own enquiries. Urbis will not be held liable for any
decision based on this preliminary advice
© Copyright Savills 15

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
conclusion
It is with great pleasure that Savills offer the former preschool at 405 Tingal Road, Wynnum for sale.
The key features of this property are summarised below:
Total Land Area: 2,023sq m
Frontages: 40m approx. to Tingal Road, 50m approx. to Prospect Street
470sq m existing building area
We suggest you complete your investigations and submit your offer, preferably in a contract form, prior to the closing date
4:00PM Wednesday 10 th October 2012
FOR SALE
Closing Date for Offers
4:00PM Wednesday 10 th October
Locked Tender Box
Savills Office
Level 2, Central Plaza II
66 Eagle Street
Brisbane QLD 4000
Fax: 07 3221 0870
View the
property video by searching ‘405 Tingal Rd Wynnum’
The Draft Contract of Sale, and the Tender Conditions are available at
commercialpropertysearch.savills.com.au/qldcitysales
or by contacting:
Robert Dunne
Divisional Director
Commercial Sales
+61 (7) 3002 8806
+61 (0) 418 888 840
rdunne@savills.com.au
© Copyright Savills 16

Former Wynnum Preschool, 405 Tingal Road, WYNNUM
disclaimer
Although every care has been taken in preparing this document, Savills do not verify its accuracy. Information, opinions and forecasts in this
proposal depend on the accuracy of any information and assumptions on which they are based, and on prevailing market conditions, for which
Savills do not accept responsibility.
No representations or warranties of any nature whatsoever are given, intended or implied about this proposal, any information, opinions and
forecasts contained within this document or the accuracy or enforceability of any documents referred to in this document. Savills will not be liable for
any omissions or errors. Savills will not be liable, including for negligence, for any direct, indirect, special, incidental or consequential losses or
damages arising out of or in any way connected with use of or reliance on anything in this document.
This document does not form part of or constitute an offer or contract. Recipients of this proposal should rely on their own enquiries about its
accuracy. All images are only for illustrative purposes.
GST
Unless otherwise expressly stated, all amounts, prices, values or other sums stated in this proposal are exclusive of GST.
Confidential information
This document is the confidential information of Savills; is strictly for the intended recipient and must not be disclosed to any other party without the
prior written consent of Savills.
Copyright
This document is copyright material owned by Savills (Aust) Pty Ltd and related entities. Permission to use any part of this document must be sought
directly from Savills (Aust) Pty Ltd or their related entities. If permission is given, it will be subject to a requirement that the copyright owners name
and interest is acknowledged when reproducing the whole or part of any copyright material.
© Copyright Savills 17