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Sold on 28 Jun 2024 - Price Unavailable

577 Esplanade
Urangan QLD 4655

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 653m2
Land area: 1151m2
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Property Details for 577 Esplanade, Urangan

Building Type
Commercial
Floor Size
653m2
Land Size
1151m2
Local Government
Fraser Coast Regional
Lot/Plan
2/RP130270

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.

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Property History for 577 Esplanade, Urangan, QLD 4655

A timeline of how this property has performed in the market
Last Sold
28 Jun 2024
  • 28 Jun 2024
    Sold for $3,413,000
  • 30 May 2024
    Listed for Sale For Sale Via Public Auction - 28th June 2024
  • 21 Apr 2022
    Listed 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 6,547 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 99 properties listed for sale, and 23 properties listed for rent in Urangan on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Urangan.

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Elliot Kidd
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Stephen Kidd
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Ray White Metro North
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