Commercial: Office / Retail
Residential: Apartment Sites, Hotel Sites
BLUE RIBBON BEACHFRONT INVESTMENT - D.A. APPROVAL 8 STOREY MIXED DEVELOPMENT
Massive 4,133 sqm corner site (Fraser Street) with 3 street frontages
Currently 9 well established retail shops including restaurants, café, barber shop, menswear and others
Situated in the heart of the Hervey Bay tourism precinct.
Renewed approval for 8 storey signature development comprising ground floor retails shops, 36 apartments and 105 hotel/motel suites
Hervey Bay is located a comfortable three and a half hours drive or a 45 minute flight north of Brisbane.
Hervey Bay/Fraser Coast Region: whale watching capital of the world and one of Queensland’s
fastest growing areas with forecast population growth of 38% to 144,835 by 2036
Fabulous opportunity to hold & develop later with current approval to 2022 or development ready now
Net Income $171,121 p.a. (plus GST) (fully leased)
For sale via 'Expressions of Interest' closing 4pm AEDT, 15 December 2019
(if not sold beforehand)
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