Opportunities like this are few and far between. With two homes on one title, dual rental income potential and a sought-after beachside location, this versatile property offers an exciting opportunity for investors and lifestyle buyers alike.
With individual rental appraisals of $500 and $550 per week, the two residences offer a combined potential rental income of $1,050 per week, or $54,600 per year, when both are leased at the appraised amounts. Rent both homes, live in one while generating income from the other, or explore the potential for Airbnb or holiday accommodation.
Positioned approximately 650m from the beach, iconic Urangan Pier and Esplanade, the property is perfectly placed to enjoy the coastal lifestyle that draws visitors to Hervey Bay. Boutique shopping, cafés, restaurants, Dayman Park, the Marina precinct and the popular Urangan Markets are all close by.
Currently configured as two separate residences, each home enjoys its own privacy, providing flexibility for extended families, tenants or visiting guests. The character-filled homes, inviting outdoor entertaining spaces and walkable beachside setting also create an appealing foundation for buyers considering holiday accommodation.
Beyond the immediate income potential, the substantial Medium Density Residential allotment offers an excellent land-banking opportunity and scope to explore future development, subject to council approval.
Highlights Include:
- Rare 1,012m² Medium Density Residential allotment
- Two character-filled Queenslander-style homes on one title
- Approximately 650m from the beach, Urangan Pier and Esplanade
- Walking distance to Dayman Park, cafés, restaurants and boutique shopping
- Close to the Marina precinct and its vibrant dining scene
- Enjoy the popular Urangan Markets every Wednesday and Sunday
- Outstanding opportunity for extended families, dual living or a coastal holiday base
- Excellent land-banking or future development opportunity, subject to council approval
- Double car accommodation
- Live in one home while generating income from the other, or rent both to maximise income potential
47A Shell Street - Front Residence:
- Currently tenanted on a periodic lease
- Welcoming front entry
- Two bedrooms with built-in wardrobes and ceiling fans
- Air-conditioned open-plan living, dining and kitchen
- Modern kitchen with breakfast bar and electric appliances
- Bathroom with separate toilet
- Laundry with an additional toilet
- Built-in study nook
- Covered rear verandah
- Rental appraisal: $500 per week
47B Shell Street - Rear Residence:
- Sunroom or home office area
- Three bedrooms with ceiling fans
- Tidy bathroom
- Air-conditioned living room
- Renovated kitchen with dishwasher and 900mm freestanding gas cooker
- Open-plan dining area flowing through timber bi-fold doors to a large covered entertaining deck
- Beautiful timber floors and high ceilings throughout
- Rental appraisal: $550 per week
Large Medium Density Residential allotments in this location are becoming increasingly difficult to secure - Contact exclusive listing agent Amanda Carter on 0447 686 194 for more information today.
