SOLD
Sold on 05 Aug 2024 for $440,000

221/628 Esplanade
Urangan QLD 4655

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 93m2
Land area: 109m2
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Property Details for 221/628 Esplanade, Urangan

221/628 Esplanade, Urangan is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 109m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Urangan in the last 12 months.

Building Type
Unit
Year Built
2009
Floor Size
93m2
Land Size
109m2
Local Government
Fraser Coast Regional
Lot/Plan
221/SP225553

Last Listing description (August 2012)

Outstanding Investment Opportunity! Cash Flow Positive!
CALL TODAY to find out about the online bidding for auction for the Ramada apartments.

While property investment is all about 'the return and capital growth' which are superb at the clearance sale prices why not indulge and immerse yourself in Hervey Bays finest 5 Star Ramada Resort. The only globally branded hotel in Hervey Bay, the fastest growing area in Australia. Located adjacent an $800 million dollar marina development overlooking the beautiful Frazer Coast.

Ramada gives you a double income opportunity with these spacious dual key apartments, optimising your returns and capital growth. Ramada's dual key apartments give you complete flexibility with no restrictions, it's your choice, live in one, rent the other, or rent them both.

Excellent Returns

- Base minimum rental of 7% per annum for 2 years with a security bond
- Global RAMADA Resort brand driving returns - 1st international hotel to Hervey Bay region!
- At 65% to 75% occupancy return, estimates are a sound 6% to 9% annual return on investment.
- Forecast $200 per week cash flow positive at 65% occupancy
- At these clearance sale prices compound return on investment at 75% borrowing is forecast to exceed 20% per annum


Property Highlights
- Architecturally designed 5 star Dual-Key apartments
- Modern kitchen with stainless steel Blanco appliances
- Caesar stone bench tops and open plan living
- Contemporary style with excellent finishes
- Broadband Access/in house movies on request
- Security parking with personal car space
- Air conditioning & quality finishes
- Intercom security
- 2 bathrooms
- Balcony

Ramada Highlights

- Reception lobby with full reception service
- Stylish 42 metre extra long style heated pool
- Sauna/ spa and gym
- Smokey Joe's Café - Bar and Grill on site
- Lift access
- Meeting room
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- Growth hot spot adjacent to an $800 million redevelopment
- At approximately $3000 per sqm underpins capital growth
- Furniture pack financed at low interest over long term

Be part of the growth in Hervey Bay, the renowned whale watch capital of the world, adjacent the amazing Frazer Island, a truly memorable experience in a unique natural wonderland.

What an excellent opportunity! Developer needs to sell stock to prepare for Stage 2 which will further underwrite the amazing value of these apartments. But be quick to secure your very own dual-key apartments as they are selling fast! Don't delay call today!

Call Robert anytime 7 days to discuss.

Please contact the Sales Consultant to view a copy of the Sustainability Declaration for this property.
Additional feature/s - Tenure: Freehold Property Type: Studio.

Property History for 221/628 Esplanade, Urangan, QLD 4655

A timeline of how this property has performed in the market
Last Sold
$440,000
05 Aug 2024
Listed for Rent
$480/w
18 Sep 2014
  • 05 Aug 2024
    Sold for $440,000
  • 15 Aug 2014
    Listed for Rent $480 / week
  • 17 Jun 2014
    Sold for $310,000
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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 6,619 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 104 properties listed for sale, and 25 properties listed for rent in Urangan on OnTheHouse. According to CoreLogic's data, 396 properties were sold in the past 12 months in Urangan.

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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.