OFF MARKET

1/129 Boat Harbour Drive
Urraween QLD 4655

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 406m2
Land area: 806m2
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Property Details for 1/129 Boat Harbour Dr, Urraween

Building Type
Commercial
Floor Size
406m2
Land Size
806m2
Local Government
Fraser Coast Regional
Lot/Plan
1/BUP103176

Last Listing description (October 2023)

Michael Feltoe & Lachlan O'Keeffe are pleased to present for sale 1/129 Boat Harbour Drive, a single-tenanted investment on a recently extended 6 year net lease to Cash Converters Hervey Bay.

|What|
A single tenanted passive investment leased to an experienced 36-store Cash Converters operator

Recently extended 6-year net lease to 2029, with the tenant responsible for all outgoings
Prime positioning in the high-profile Midway Place LFR Centre, with exposure to over 17,400^ vehicles daily and direct access off Boat Harbour Drive.
Net Income of $103,071 + GST p.a.

|Where|
High-profile 417sqm* building in the heart of Hervey Bay, the commercial heartland of the Fraser Coast region
Hervey Bay is the largest city in Queensland's Fraser Coast region, with a population of almost 59,000 people, and is tipped to lead population growth in the region over the next 20 years
At the heart of the Hervey Bay commercial district, with significant traffic-generating amenities including the Stockland Shopping Centre within 250m*.

|Why|
An ultra low-maintenance investment, with the tenant responsible for the day-to-day maintenance of the property
An experienced Cash Converters operator with over 36 stores across Australia
Fixed 4% rental increases
ASX-listed Cash Converters are the preeminent personal finance and secondhand retail brand in Australia, with over 150 stores nationwide and over 600 stores worldwide

*Approximate
^Sitewisely
** 2022 Toowoomba Development Status Report

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Property History for 1/129 Boat Harbour Dr, Urraween, QLD 4655

A timeline of how this property has performed in the market
Last Sold
$1,475,000
07 Aug 2023
Listed for Rent
$1.44k/w
07 May 2011
  • 07 Aug 2023
    Sold for $1,475,000
  • 06 Jun 2023
    Listed for Sale $1,700,000
  • 03 May 2023
    Listed for Sale Auction Friday
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About Urraween 4655

The size of Urraween is approximately 7.5 square kilometres. It has 16 parks covering nearly 9.1% of total area. The population of Urraween in 2011 was 5,914 people. By 2016 the population was 6,980 showing a population growth of 18.0% in the area during that time. The predominant age group in Urraween is 70-79 years. Households in Urraween are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Urraween work in a professional occupation. In 2011, 68.4% of the homes in Urraween were owner-occupied compared with 70.7% in 2016.

Urraween has 4,095 properties. Over the last 5 years, Houses in Urraween have seen a 87.54% increase in median value, while Units have seen a 97.21% increase. As at 30 September 2024:

  • The median value for Houses in Urraween is $689,660 while the median value for Units is $510,863.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 54 properties listed for sale, and 8 properties listed for rent in Urraween on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Urraween.

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