EXCEPTIONAL CBD - Zoned 8 Levels - 5 Titles - 3 Street fronts - $205,000* NET
This prime commercial property is in the Highest Density precinct of Hervey Bay's new Town Centre. Set on 5 titles, with mixed residential/commercial and including 3 street frontages. With views over Hervey Bay, opposite Central Park and adjoining the new $90m Council Chambers development which will support 1,000 staff daily, (under construction) this is arguably one of the best properties available in the Bay.
Massive Future Potential to develop 8 level. - 16 levels STCA
Mixed use, up to 230 units, hotel, pubs, clubs, retail, restaurants, offices, with Panoramic Bay views to Frazer Island.
Current net Income $205,000* increasing to an estimated $260,000* EFY2024 makes holding easy.
Moments from Pialba Beach, University of Sunshine Coast and Stocklands shopping centre. Spectacular views to world heritage Fraser Island and premium tourism location in Queensland. With expected population growth of 28% before 2035, redevelop now or land bank for future. This is a rare bargain-priced opportunity for this once in a generation, unique landmark property with significant future development potential.
Call to discuss today.
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