Overview

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.

Location