577 Esplanade Urangan QLD 4655
Property Details for 577 Esplanade, Urangan
Last Listing description (June 2024)
Auction | Friday 28th June at 10am, In Rooms at Level 26, 111 Eagle Street, Brisbane
Corner commercial and residential property with great exposure & ocean views in one of the best locations in Hervey Bay offering a fantastic opportunity to purchase a quality commercial building.
577 Esplanade in Urangan offers 4 commercial shops and 5 first level residential units which have been modernized, furnished and overlooks the water whilst being located only metres away to further shopping, cafes, pubs & restaurants.
Hervey Bay is growing at a rapid pace, with many high rise development applications in council. Rental properties are nearly non-existent and the population is growing quickly., This all contributes to a very positive future for the Hervey Bay region.
577 Esplanade features :
• Established corner position on the Esplanade in Urangan
• Zoned high density Residential with potential of redevelopment in the future
•12 parking spots
• Easy walking distance to local shops, cafes, restaurants, parks & pier
• Excellent returns from secure tenancies
• Net Income: $202,000 (Est. July 2024)
Hervey Bay is one of the fastest growing sea side cities in regional Queensland, only 3 hours drive north of Brisbane. With excellent infrastructure in place, such as private & public hospitals, university campus, airport, major shopping centres & an array of restaurants & cafes.
For further information, a copy of the IM or a private viewing please do not hesitate to contact the listing agents today.
Property History for 577 Esplanade, Urangan, QLD 4655
- 28 Jun 2024Sold for $3,413,000
- 30 May 2024Listed for Sale For Sale Via Public Auction - 28th June 2024
- 21 Apr 2022Listed for Sale 3.2 Million
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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 6,627 properties. Over the last 5 years, Houses in Urangan have seen a 89.73% increase in median value, while Units have seen a 103.57% increase. As at 31 October 2024:
- The median value for Houses in Urangan is $686,346 while the median value for Units is $554,137.
- Houses have a median rent of $550 while Units have a median rent of $478.
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