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Prime Investment Opportunity

 

Don’t miss out on this opportunity to acquire a fully tenanted block of three units at 160 Torquay Road, Scarness—an ideal addition to your investment portfolio. Each unit is currently leased, ensuring immediate rental income. With potential for renovation, there is opportunity for increased rental returns.

Each unit features a kitchen, living and dining area and bathroom. While the units are functional, they offer a solid foundation for updates and improvements that could enhance rental returns and modernize the space.

Unit Configuration: Three units. The lower floor consists of two units, each with 2 bedrooms and 1 bathroom. The upper floor consists of one unit with 3 bedrooms and 1 bathroom.

  • Land Size: Spacious 642 m² block, offering potential for future development (STCA) or enhancements.
  • Current Rental Income: With all three units currently leased out, weekly rent amounts to $930/week. All tenants are long term and willing to stay on if new owner agrees.
  • Current Lease Arrangements:

Lease end date: 13/07/2025 @ $300 per week

Lease end date: 20/05/2025 @ $280 per week

Lease end date: 12/07/2025 @ $350 per week

Investment Potential:

Scarness is a sought-after suburb in Hervey Bay, known for its vibrant community and attractive lifestyle offerings. This property presents a rare opportunity to secure a ready-made income stream in a high-demand location.

Beach Proximity: Just a short stroll to the pristine Scarness Beach, offering a relaxed coastal lifestyle.

  • Local Amenities: Close to a variety of cafes and shops including Enzo’s on the Beach, 50’s Diner Hervey Bay & Sea Breeze Café.
  • Public Transport: Well-served by public transport, with bus stops at Torquay Road near Bryant Street and Hunter Street, facilitating easy access to surrounding areas.

 What’s Nearby?

·         Scarness Beach – 9-minute walk

·         Hervey Bay Airport – 10-minute drive

·         Hervey Bay Hospital – 10-minute drive

·         St Stephen’s Hospital – 10-minute drive

·         Hervey Bay Botanic Gardens- 6-minute drive

·         Urangan Pier – 8-minute drive

·         Hervey Bay Golf Club – 7-minute drive

 Hervey Bay Growth

With an influx of interstate buyers investing in properties or relocating to the area, Hervey Bay’s population is set to grow, leading to continued demand and lower rental vacancy rates in the coming years

 For more information or to arrange an inspection, please contact Exclusive Marketing Agent Shane at 0434 342 232

 

7 3 642 m2
Address 160 Torquay Rd, Scarness
Price $849,000
Property Type Residential
Property ID 11259
Category Unit
Land Area 642 m2

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Agent Details

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Shane Laraghy

0434 342 232
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  I had an outstanding experience with Beatrice in purchasing my new home. She was incredibly helpful, transparent, and responsive throughout the entire process. Her deep knowledge of the area and ability to ensure a smooth transaction made the experience seamless. Always professional and approachable, she made me feel confident and well-informed every step of the way. I highly recommend her to anyone in need of a top-notch real estate agent.  

Emma was amazing! Great communication and knowledge. It was our first time selling a property so her support and guidance made it a very easy process. Highly recommend!

Emma was a please to deal with, always responsive and happy to help

Emma was fantastic to work with as she had great communication, was friendly and offered useful advice making the process easier and enjoyable.

After choosing Emma as the agent to sell our property, she was fantastic to work with and it was clear she had excellent market knowledge and experience. She was genuinely interested in our situation and her communication was clear and to the point. I didn’t at any point feel pressured and this hugely contributed to making, what can be a very stressful process, that much easier

This is our second time working with Emma and again we had such a great experience. Emma helped us understand the processes, provided guidance and was always available to answer any questions along the way. We are so grateful for her hard work and dedication to us during this process and would highly recommend her to anyone.