4-6 Charles Street, Pialba, Queensland

HERVEY BAY CBD HIGH-RISE SITE - 20 Room Guesthouse and 3 br House - RECEIVER APPOINTED

Auction date to be determined, if not sold prior

Business Description

Live your beach front property dreams! A chance to acquire arguably the most valuable high-density, long-term investment property in Pialba with $312,000 gross income in sought-after high growth tourism location, at Queensland’s gateway to World Heritage listed, Fraser Island (K’gari).

Guesthouse
3,771m2 North facing, elevated position opposite beach
Level 1 facility, formerly operated as backpackers
$312,000 gross income approximate
20 rooms with commercial kitchen & managers quarters
Heritage Building with period features
Approximately 96% occupancy with semi-permanent tenants

Development Opportunity
CBD development Site
Zoned Mixed Use Core High Density Precinct
Council indicated strong support for up to 16 storey DA with numerous concessions.
Urgent demand for 3-4 star accommodation.
3 titles, 2 street frontages
Nearby $107 million Council Chambers & Library now underway
Second highest regional growth area in Queensland at 16%per annum
Across from the beach, Wetside Water Park, 10-minute walk to UNI Stocklands Shopping.

Hervey bay offers an affordable and relaxed beachside lifestyle. It is a growing coastal city with world class whale watching and gateway to world heritage listed Fraser Island. Just 3 hours drive from Brisbane or easy flight anywhere. Seize the chance to secure this exceptional dress-circle location. Ideal opportunity for an owner operator to manage while retaining the long-term redevelopment potential with a reliable source if holding income enhancing its overall value.

Don’t let this rare opportunity slip through your fingers.
To be sold together or separately.

In room Auction 11:00am, 28th September 2023, if not sold prior.

Business Summary

Marketing Agent
Cleo Conrad
Cleo Conrad

Conrad Prestige & Commercial

Conrad Prestige & Commercial

Key Investment Insights

1. Prime location in Hervey Bay CBD with high growth potential.
2. High gross income of $312,000 from 20 room guesthouse and 3 bedroom house.
3. Elevated position with north facing aspect and opposite the beach.
4. Heritage building with period features.
5. Strong occupancy rate of approximately 96% with semi-permanent tenants.
6. Zoned as Mixed Use Core High Density Precinct, allowing for potential development opportunities.
7. Council support for up to 16 storey development with concessions.
8. Urgent demand for 3-4 star accommodation in the area.
9. Three titles with two street frontages.
10. Nearby development of $107 million Council Chambers and Library.
11. Second highest regional growth area in Queensland at 16% per annum.
12. Close proximity to beach, Wetside Water Park, and UNI Stocklands Shopping.
13. Affordable and relaxed beachside lifestyle in growing coastal city.
14. Easy access from Brisbane via 3 hour drive or flight.
15. Ideal for owner operator to manage while retaining long-term redevelopment potential.
16. Potential to be sold together or separately.
17. In-room auction scheduled for 28th September 2023, if not sold prior.
Listing location
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