104-108 Boat Harbour Drive & 101 Beach Road occupies a prominent corner position within Hervey Bay's main commercial and retail precinct. This multi-tenanted centre is anchored by Rebel Sport, Jaycar and QLD Government and is situated within a large residential catchment area experiencing capital growth fueled by interstate migration.
Offering a WALE of approximately 1.5 years by NLA, an opportunity is available to an astute buyer to reposition this asset in the medium term to capture the expected continued growth of the local market in the years to come.
Key Features of the property include:
- Estimated fully leased net income of $885,256*
- Currently 90% leased with tenants including Rebel Sports, Jaycar, Qld Government, F45 and Bridgestone
- 11,664m²* land with 5,606m²* NLA over three titles.
- Specialised Centre Zoning
- Functional improvements allowing for a mix of showrooms, light industrial and indoor recreation uses
- Located in the heart of Hervey Bay's commercial precinct less than 1 kilometre* from Stockland Shopping Centre
- Over 200 metres* of combined frontage to two major roads
For Sale by Expressions of Interest closing Thursday 21 April 2022 at 4pm
For more information, please contact Century 21 Commercial Hervey Bay today on 07 4124 0224.
