Sold
Pier Village Shopping Centre, 564 Esplanade,
Urangan 4655, Queensland
Price withheld
Property details
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Agents
Beachfront Retail Centre With 8 Storey Upside
Ray White Retail are proud to present Pier Village Shopping Centre at 564 Esplanade, Urangan (Hervey Bay) QLD. For sale $5,168,000 (6.25%)
|What|
• 1,238sqm* beachfront retail centre in the heart of Hervey Bay
• 2.55 Year WALE and 95% of the centre already leased
• Diverse tenancy mix of essential retail, healthcare operators, including RAD Rolled Ice Cream (winner of Best Ice Cream in Queensland 2025)
• 46 on-site car parks (1:27sqm* ratio) plus additional street parking
• Estimated fully leased net income $322,795 + GST p.a.
|Where|
• Prime 3,574sqm* landholding on the Esplanade, 300m* from the iconic Urangan Pier
• Positioned within the Hervey Bay Tourism Node, surrounded by a hub of hotels and resorts (Oaks, Ramada by Wyndham and Mantra)
• Hervey Bay is one of Queensland's fastest-growing regional cities, with sustained population growth across the Fraser Coast
• Council's Fraser Coast Futures 2036 strategy targets $2 billion in economic growth over the decade ahead, underpinning long-term demand for residential, retail, health and community services
|Why|
• High Density Residential zoning permitting development up to 26 metres (8 storeys)* suiting a future apartment or tourist-accommodation project
• Huge underlying land value in a beachfront position, a rare land-bank holding with income in place while a future redevelopment is planned
• Immediate and long-term rental uplift, with gross rents averaging $351/sqm*
• A generational opportunity to secure a beachfront landholding of this scale and position, seldom offered on Urangan's Esplanade
*Approximately
|What|
• 1,238sqm* beachfront retail centre in the heart of Hervey Bay
• 2.55 Year WALE and 95% of the centre already leased
• Diverse tenancy mix of essential retail, healthcare operators, including RAD Rolled Ice Cream (winner of Best Ice Cream in Queensland 2025)
• 46 on-site car parks (1:27sqm* ratio) plus additional street parking
• Estimated fully leased net income $322,795 + GST p.a.
|Where|
• Prime 3,574sqm* landholding on the Esplanade, 300m* from the iconic Urangan Pier
• Positioned within the Hervey Bay Tourism Node, surrounded by a hub of hotels and resorts (Oaks, Ramada by Wyndham and Mantra)
• Hervey Bay is one of Queensland's fastest-growing regional cities, with sustained population growth across the Fraser Coast
• Council's Fraser Coast Futures 2036 strategy targets $2 billion in economic growth over the decade ahead, underpinning long-term demand for residential, retail, health and community services
|Why|
• High Density Residential zoning permitting development up to 26 metres (8 storeys)* suiting a future apartment or tourist-accommodation project
• Huge underlying land value in a beachfront position, a rare land-bank holding with income in place while a future redevelopment is planned
• Immediate and long-term rental uplift, with gross rents averaging $351/sqm*
• A generational opportunity to secure a beachfront landholding of this scale and position, seldom offered on Urangan's Esplanade
*Approximately
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Contact Pablo Routledge
Contact Pablo Routledge
Pablo Routledge
Pier Village Shopping Centre, 564 Esplanade, Urangan QLD 4655
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Pablo Routledge
Pier Village Shopping Centre, 564 Esplanade, Urangan QLD 4655