Address available on request

Rare seafront investment opportunity up for sale in the idyllic lifestyle community of Hervey Bay.

This 2,256m2 property is located on the Esplanade directly across from the beach in the quieter suburb of Urangan. Stunning views overlooking the bay, Urangan Pier, and the majestic ospreys that call the sea frontage home.

Site zoning residential medium density with dual access, and dual title; gives this property endless development potential. Currently used as holiday rentals/semi-permanent rentals (for the tradies), registered for 11 units.

There are two residential dwellings built on the land.

Seafront 2-storey brick dwelling consists of 8 units fully furnished:
• 6 x 2-bedroom units
• 2 x 3-bedroom units
• Each unit has
o Combined lounge/dining/kitchen
o Full size gas stove and oven
o Ceiling fans in main bedroom and lounge room
o Shower and toilet
o Airconditioning
o Fridge & microwave
o Crockery & cooking utensils
• Utilities room
• Communal laundry
• 8 carport spaces (one for each unit)
• Storage shed
• Water tank

Two storey dwelling at rear of the property:
Ground level
• 1 x 2-bedroom unit
• 1 x 1 bedroom unit
• Laundry
• Utilities room
• Workshop/storage
• Garden shed
• Water tank
• Sheds/carports x 3
Upstairs level managers/owner’s quarters
• 5 x bedrooms
• 2 x bathrooms
• 2 x sunrooms/studies
• Kitchen/dining
• Formal dining / lounge
• Additional lounge room

So many investment possibilities:

• Live in the managers quarters and continue managing the property as holiday units.

• With the current rental crisis turn all the units (including the managers quarters) into permanent rentals. Approximate rental return p/a between $182,000 - $196,000.

• Live in the two-storey dwelling at the rear of the property and turn the 8 units at the front into permanent rentals. Approximate rental return p/a between $130,000 - $142,000.

• Build more units, add a restaurant/café (STCA).

The property is located close to the pier, restaurants, shops, and public transport just across the road. Hervey Bay has perfect weather (mid climate), pristine beaches and calm waters which are protected by Fraser Island. Hervey Bay is rated the 7th most popular destination in Australian for travellers. Direct flights to Hervey Bay from Brisbane and Sydney, makes it a top tourist attraction for; whale watching and Fraser Island.

To arrange an inspection call Dallas 0424 335 262

Information Disclaimer

The provided information in relation to this property to the best of our knowledge and resources, we shall not be held accountable or responsible for its accuracy. All buyers should conduct their own independent research and consult professionals to conduct due diligence before purchasing. Please do not enter the property without an Agent.