Ideally positioned just one street back from the Esplanade and within walking distance to the beach and the iconic Urangan Pier, this is a rare opportunity to secure a high-density development site in one of Hervey Bay's most tightly held beachside suburbs.
The property comprises a solid Besser block complex of three fully tenanted flats, providing an immediate holding income of $970 per week while future development plans are progressed.
Set on a generous 964m² allotment zoned High Density, the site offers exceptional redevelopment potential. Under the current town planning provisions, the land may support up to 10 units (STCA), presenting options for staged development, full redevelopment, or value-add expansion with additional units at the front of the site.
Surrounded by established amenities including shopping, medical services, cafes, the marina and with the airport only minutes away, this location continues to attract strong demand from both owner-occupiers and tenants alike.
Key Development Highlights:
• 964m² High Density zoned site
• Potential yield of up to 10 units (STCA)
• Holding income of $970 per week
• Existing 3-unit complex (Besser block construction)
• Premium beachside location, one street from Esplanade
• Walk to beach and Urangan Pier
• Close to marina, airport and major amenities
• Strong long-term growth and rental demand
An outstanding land-bank or redevelopment opportunity in a proven coastal growth location.
