FOR SALE
Leasehold $1,650,000

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Urangan QLD 4655

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Waterfront, New 35 Year Lease, High ROI in Hervey Bay - 1P6198M

CRE Brokers are pleased to be appointed as the Exclusive Agency for the sale of one of the best motels in the Hervey Bay / Frazer Coast area, as a Leasehold business.
Ideally positioned on the Esplanade, opposite Pialba Bay Beach and a short' walk to shops, the RSL Club and other dining facilities.
This motel is extremely well presented and well-appointed with high quality furniture, fixtures and fittings, with many rooms being fully renovated within the past 18 months.
Showing a Net Profit after Rent of over $400,000 during the 2023/24 financial year and an even greater year expected for 2024/25.
With Hervey Bay experiencing massive growth, do not delay in contacting Craig or Ronnie to arrange an inspection of this fantastic business opportunity.

Property Details for Contact Agent For Address, Urangan

Building Type
Commercial

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About Urangan 4655

The size of Urangan is approximately 14 square kilometres. It has 23 parks covering nearly 12.6% of total area. The population of Urangan in 2011 was 9,168 people. By 2016 the population was 9,728 showing a population growth of 6.1% in the area during that time. The predominant age group in Urangan is 60-69 years. Households in Urangan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Urangan work in a professional occupation. In 2011, 58% of the homes in Urangan were owner-occupied compared with 60% in 2016.

Urangan has 6,620 properties. Over the last 5 years, Houses in Urangan have seen a 92.80% increase in median value, while Units have seen a 99.06% increase. As at 30 September 2024:

  • The median value for Houses in Urangan is $687,626 while the median value for Units is $531,679.
  • Houses have a median rent of $545 while Units have a median rent of $450.
There are currently 105 properties listed for sale, and 25 properties listed for rent in Urangan on OnTheHouse. According to CoreLogic's data, 400 properties were sold in the past 12 months in Urangan.

Suburb Insights for Urangan 4655

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Craig Clark
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Ronnie Slebos
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CRE Brokers
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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.