Welcome to 47 Freshwater Street, Scarness
Developers this is your opportunity to secure this 6420m2 block zoned MEDIUM DENSITY RESIDENTIAL which is just one block back from the Esplanade. Any plans to increase to a high density site would have to be discussed with council and any potential development would need to show cause as to why the increase was being sought. Directly opposite this site, is The Bay apartments & resort, which is a high density development.
This large block of land is located right beside the local bowls club and within walking distance to the beach, cafes, bus stops, restaurants and an array of local shopping precincts all around the Esplanade. This site would lend itself perfectly to a combination of permanent and holiday accommodation to maximise your return on sale or holding the properties to rent.
The Hervey Bay market is on the rise and vacancy rates are at an all time low - 0.8% vacancy rates for the first quarter of 2022 for permanent rentals and since 2020, the region has seen a staggering 20% in occupancy rates for holiday accommodation with the majority of outlets booked to capacity, especially during peak holiday times.
Now, with international borders re-opening, there is a steady stream of interstate and intrastate migration and these numbers are predicted to get even tighter.
For 5 years running, Hervey Bay is 1 of only 2 Queensland destinations ranking in the Top Ten Holiday Towns across Australia. There is room to spread out and connect with nature in a way that is impossible in the cities and being within 3 to 4 hours drive for 70% of the State's population, it continues to become even more popular as a destination that people head to not just for holidays, but consider as a permanent home.
The pristine environment Hervey Bay is the perfect place to reboot for the weekend, week or month and Scarness and its surrounding suburbs of Torquay, Urangan and Pialba which have been favourite holiday destinations for domestic and international tourists for many years. Visitors enjoy the fantastic beachside bars, cafes, shops, restaurants and many attractions including the world famous K'Gari (formerly known as Fraser Island) and of course, Hervey Bay is internationally renowned for all of its whale watching ventures.
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