Positioned in a highly sought-after central location, 17 George Street, Pialba presents a rare and exciting opportunity to secure a solid, income-generating asset just moments from the beach. Set on a generous 1,890sqm allotment, this versatile property offers seven 2-bedroom units plus a separate 3-bedroom home, delivering multiple income streams and exceptional flexibility for investors, along with a strong and reliable return on investment.
The complex has been a proven, low-maintenance investment for many years, with long-term tenancies in place and consistent returns. Offering an attractive yield and excellent holding income, this is an ideal asset for investors seeking both immediate cash flow and future growth potential. Each of the seven units offers comfortable, easy-care living with open plan kitchen, dining and living areas, built-in bedrooms, and practical layouts designed for tenant appeal. One of the units has been tastefully renovated, showcasing a modern kitchen, updated appliances, and a stylish bathroom-highlighting the opportunity to further enhance value and increase rental returns across the remaining units.
Privately positioned on the block, the separate residence provides an additional layer of versatility and income potential. The 3-bedroom home features spacious living and dining areas, a functional kitchen, and its own outdoor space-ideal for an owner-occupier, onsite manager, or an additional rental income stream to further boost overall returns.
Residents enjoy a quiet, convenient lifestyle within walking distance to the beach and key amenities, making this an attractive option for long-term tenants and ensuring strong occupancy rates and ongoing rental demand.
The Units (x7):
- 2 bedrooms with built-in robes
- 1 bathroom with combined laundry
- Open plan kitchen, living and dining
- Functional, low-maintenance layouts
- One renovated unit with modern finishes
- Allocated carport accommodation
The House:
- 3 well-sized bedrooms
- 1 bathroom plus separate toilet
- Spacious living and dining areas
- Functional kitchen with ample storage
- Private outdoor area
- Separate from the units for added privacy
Property Features:
- Multiple income streams across 8 dwellings
- Strong rental yield with proven long-term returns
- Excellent return on investment with future growth potential
- Low-maintenance complex on a 1,890sqm block
- Car accommodation onsite
- Scope to renovate and further increase rental income
- Ideal for investors, SMSF buyers or dual-living opportunities
Location Highlights:
- Approx. 5-minute walk to the beach and Esplanade
- Walking distance to WetSide Water Park & Seafront Oval
- Close to Pialba Place Shopping Centre, cafes & Hervey Bay Hotel
- Easy access to schools, medical facilities & public transport
- Minutes to Hervey Bay CBD and university precinct
With its unbeatable location, strong holding income, excellent return on investment, and future upside through further improvements, this is a standout opportunity to secure a blue-chip asset in a high-demand coastal market. Opportunities like this are incredibly rare-contact Kim Carter and Brad Mitchell today to arrange your private inspection.
