62 Torquay RoadPialba QLD 4655
Property Details for 62 Torquay Rd, Pialba
Last Listing description (October 2023)
Colliers are pleased to take to the market a substantial approved medical development site in the heart of Hervey Bay's commercial district for sale by Expressions of Interest. This 'ready to go' 1,725m* land parcel is located in the Pialba commercial and shopping district, Hervey Bay's business CBD. Approvals are in place for the redevelopment of the site into a modern medical and allied health centre with a large amount of client parking. The scheme has already received a favourable response from the market and is looking for an active developer to take the project forward to completion.
Strong interstate migration from the Southern states coupled with rising metro house prices is driving sea change lifestyle and young family residential market in the Hervey Bay region. This growth in permanent resident population is supported by a strong onshore tourism industry and the growth of regional industrial development in nearby towns like Maryborough. These positive demand conditions are creating long term demand for the full range of medical and allied health services which this project has been designed to satisfy.
The key investment attributes include:
1,725m* level and serviced land parcel
Hervey Bay CBD location
DA in place for 1,850m* Medical Centre project
Exposure and access off Torquay Rd
Access to all services established
100 on-grade parking accessed from Hillyard Street
Bulk earthworks complete
62 Torquay Road, Pialba is offered for sale by Expressions of Interest closing 4:00pm, Thursday 24 March 2022. For further information please contact the exclusive marketing agent listed below.
*Approximately
Property History for 62 Torquay Rd, Pialba, QLD 4655
- 18 Oct 2023Listed for Sale Please contact agent
- 13 Oct 2023Sold for $1,220,000
- 04 Feb 2022Listed for Sale Please contact agent
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0About Pialba 4655
The size of Pialba is approximately 4.9 square kilometres. It has 13 parks covering nearly 20.2% of total area. The population of Pialba in 2011 was 3,527 people. By 2016 the population was 3,681 showing a population growth of 4.4% in the area during that time. The predominant age group in Pialba is 60-69 years. Households in Pialba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pialba work in a community and personal service occupation. In 2011, 47.4% of the homes in Pialba were owner-occupied compared with 49.4% in 2016.
Pialba has 3,033 properties. Over the last 5 years, Houses in Pialba have seen a 101.49% increase in median value, while Units have seen a 95.33% increase. As at 31 August 2024:
- The median value for Houses in Pialba is $603,114 while the median value for Units is $488,072.
- Houses have a median rent of $575 while Units have a median rent of $480.
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