FOR SALE
For Sale: $5.9million plus GST

330-331 Esplanade
Scarness QLD 4655

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4046m2
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Stunning location with strong demand - Land Bank or Develop

• 4,046m²* site with northerly aspect
• 2* hours from Noosa
• Local market has record low vacancy and severely lacking new unit developments
• Located with outstanding ocean views, across the road from pristine sandy beaches & attractive parkland, stroll to adjacent restaurants, bars, cafes, pub etc.
• Direct flights from Sydney daily to Hervey Bay
• Approx holding income of $102,780p.a. from four units, one dwelling, and one office
• Strong investor demand to purchase holiday rental units
• Recent similar development site sales circa $1,250/m²*
*approximately

Property Details for 330-331 Esplanade, Scarness

Building Type
Commercial
Land Size
4046m2

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About Scarness 4655

The size of Scarness is approximately 1.8 square kilometres. It has 8 parks covering nearly 6.3% of total area. The population of Scarness in 2011 was 3,472 people. By 2016 the population was 3,512 showing a population growth of 1.2% in the area during that time. The predominant age group in Scarness is 60-69 years. Households in Scarness are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Scarness work in a community and personal service occupation. In 2011, 49.6% of the homes in Scarness were owner-occupied compared with 49.5% in 2016.

Scarness has 2,176 properties. Over the last 5 years, Houses in Scarness have seen a 94.24% increase in median value, while Units have seen a 83.09% increase. As at 31 July 2024:

  • The median value for Houses in Scarness is $556,991 while the median value for Units is $505,924.
  • Houses have a median rent of $500 while Units have a median rent of $445.
There are currently 26 properties listed for sale, and 14 properties listed for rent in Scarness on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Scarness.

Suburb Insights for Scarness 4655

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Andrew Burke
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RW Special Projects Queensland
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.