10-14 Main Street,
Pialba, QLD 4655
Key property information
Tenanted Investment Details
Map of 10-14 Main Street
Bus stops within 5 km of 10-14 Main Street, Pialba, QLD 4655 Distance Torquay Road Near Bakery Lane 87 m Torquay Road Near Hunter St 146 m Main St at Pialba Place Shops 213 m Torquay Road Near Bryant St 265 m Old Maryborough Road Near Main St 317 mPOWERED BY HERE ©
Prime Blue-Chip Opportunity for both Investors and Developers!
- 7 Fully leased tenancies
- Zoned mixed development to 8 storeys
- NLA of 1,840m2 on a 4677m2 block
FOR A VIRTUAL INSPECTION, CONTACT JON SMITH ON 0483 111 8... TO BOOK.
What you need to know
+ 7 Retail tenancies in four separate buildings with two street frontages
+ Tenants include Lifeline, retail, takeaway food, professional services, hairdresser & others
+ High traffic Hervey Bay seaside tourism and business precinct
+ NLA of 1,840m2
+ Zoned mixed development (residential/commercial/retail) to 8 storeys
+ 4,677 M2 of prime investment and development property
+ Spectacular views over Hervey Bay to Fraser Island from the 2nd floor and above
+ Only a 3 hour drive or 1 hour flight to one of the fastest growing populations in Australia
+ Net Income $190,000 p.a. plus GST (as at March 10)
Jon Smith is very proud to represent this once in a lifetime opportunity. It’s rare to be able to have your cake and eat it to, but here you have the best of both worlds! Earn a high yield annual rental income now, with the flexibility to landbank, or develop the block to 8 storeys when you’re ready.
The site consists of 4,677 m2 of prime investment and development property set in heartland of Hervey Bay. This property is spread across five lots, 10-14 Main St and 1 & 3 Peters Lane, Pialba, Hervey Bay’s central business district.
Currently boasting 7 retail shops, all leased with a NLA of 1,840m2 and providing a holding income of over $247,500 per annum.
There is development opportunity for residential, retail and commercial with support from the Fraser Coast Regional Council that is offering incentives to developers & approval to build to 8 or more levels.
Centrally situated in the new Fraser Coast CBD development plan, the site is elevated with views across the bay to Fraser Island. The property has its prime frontage on Main Street as well as two other access points via Peters Lane and Bakers Lane.
The site has Principal Centre zoning and would suit a mixed-use development of the existing shopping center to provide a range of commercial facilities, offices and accommodation. It would also suit a boutique hotel or vertical retirement village with on-site specialist services.
Hervey Bay, the Fraser Coast and world heritage listed Fraser Island have an international status and are world renown as a mecca for tourism. This is recognised by Tourism Australia who is heavily invested in promoting local, national and international tourism into Queensland.
Any future investment will also stand to benefit from the Queensland Government’s infrastructure planning for the 2032 Olympic Games that will be hosted by Brisbane and spread across the Gold and Sunshine Coasts.
Hervey Bay is a scenic three-hour drive by car from Brisbane or a one hour flight to the local airport.
This is an amazing opportunity for any investor and developer with vision to place their investment to take advantage of future growth in this progressive part of the Fraser Coast, Queensland.
There is an Architect and Town Planner’s report available and a concept drawing to show how a 8 level project could be situated on the site.
The owner is looking to sell at auction or prior, so don’t delay. Contact Jon Smith now to secure this amazing investment and development opportunity.
Explore property virtually
If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504027823Last Updated: 15 Jun 2022
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