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Overview
High-Exposure Freestanding Asset in the Heart of Cleveland CBD
This property, located at 41-43 Wynyard Street in Cleveland, is being offered for sale through Expressions of Interest. It is situated in the heart of Cleveland's town center, providing a unique opportunity to acquire a high-quality, income-generating commercial asset with significant flexibility and potential for long-term growth.
The property occupies a substantial land area of approximately 1,614 square meters, strategically positioned at the gateway to Cleveland Central Shopping Centre, within a well-established medical and professional hub. This prime location ensures excellent visibility, accessibility, and a wealth of surrounding amenities.
The building itself boasts a net lettable area of around 645 square meters and is currently divided into three separate tenancies. This configuration allows for a strong holding income of approximately $323,310 per annum, providing immediate cash flow from the outset. Furthermore, there is potential to reconfigure the space into up to five tenancies or consolidate it for a single owner-occupier, offering significant versatility.
The property is zoned as Principal Centre, which permits building heights of up to 26 meters (subject to council approval), enhancing its long-term development and intensification potential. This makes it an exceptional opportunity for both investors and owner-occupiers looking to capitalize on the growing demand in the area.
Key features of the property include:
- 645 square meters of net lettable area
- 1,614 square meters of prominent landholding in the town center
- Net income of approximately $323,310 per annum (after land tax)
- Configured as three tenancies with the potential to expand to five
- Principal Centre zoning allowing for heights up to 26 meters (subject to council approval)
Expressions of Interest for this property will close on Tuesday, March 17, 2026, at 4 PM.
For further information, please reach out to the listing agents.
* All measurements are approximate and subject to council approval.
Change History
| Headline | When |
|---|---|
| For Sale Via Expressions Of Interest | |
| Expressions Of Interest |
Location
Cleveland QLD 4163
Measurements
| Type | Dimensions |
|---|---|
| Building Area Sqm | 645 |
| Floor Area | 645 sqm |
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
