376 Esplanade Scarness QLD 4655
Property Details for 376 Esplanade, Scarness
376 Esplanade, Scarness is a 16 bedroom, 9 bathroom Unit with 8 parking spaces. The property has a land size of 1174m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Last Listing description (December 2022)
LE MONACO - 376 ESPLANADE SCARNESS
This eight unit freehold complex with no body corporate presents an exceptional investment opportunity, built on a 1174sqm high density zoned allotment and located on the tourist hotspot of the Esplanade opposite one of the best beaches in Hervey Bay and in close proximity to a selection of eateries and shops. The perfect property to add to your investment portfolio.
8 units each offer:
Spacious managers quarters with kitchenette/bathroom available for owner/manager use - perfect for on site management purposes
Large separate storage room available for owner/managers use or ideal use for storage of linen for holiday let accommodation
The complex consists of 2 separate buildings predominantly of solid rendered brick construction and is fully tenanted with leases in place and currently managed by off site professional property managers - but this property offers various options and is ideal for buyers looking to landbank, self manage and live on site or transform the complex into holiday let accommodation. Zoned High Density Residential (Fraser Coast Regional Council) planning scheme, the site also presents a spectacular opportunity for redevelopment and the potential to further capitalise on future growth (STCA)
For further detailed information or to arrange a private inspection* contact Jana Levak the Exclusive Listing Agent on 0431 155 140
*Please note 24 - 48 hours required to arrange inspections. ** Please note for tenants privacy no internal photos available at this point.
Property History for 376 Esplanade, Scarness, QLD 4655
- 14 Oct 2022Sold for $2,200,000
- 12 Feb 2020Sold for $1,600,000
- 30 Aug 2019Listed for Sale $1,690,000 + GST
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0About 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 2,171 properties. Over the last 5 years, Houses in Scarness have seen a 94.14% increase in median value, while Units have seen a 89.58% increase. As at 31 October 2024:
- The median value for Houses in Scarness is $577,000 while the median value for Units is $538,544.
- Houses have a median rent of $500 while Units have a median rent of $458.
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