2/355 Esplanade, Scarness, Qld 4655

Burgess Rawson is pleased to offer to the market 2/355 Esplanade, Scarness (Hervey Bay) QLD for sale via our Investment Auction Portfolio 172.

This opportunity has the following key investment highlights:
 
+ Anchored by five (5) year lease to Scarness Food Store to 2028 plus two (2) further five (5) year options to 2038 
+ Supported by an early renewed three (3) year lease to The Village Barber & Co to October 2027 
+ Two of three tenants on net lease structures providing 93%+ of total outgoings recoverable
+ Favourable annual CPI reviews
+ Impressive 458sqm* retail centre situated on an expansive 1,011sqm* parent site with ample on-site parking 
+ Prime position fronting the Scarness Esplanade - Harvey Bay’s premier coast precinct and popular tourism destination 
+ Strategic location directly opposite the Scarness Caravan Park and surrounding by hotels, resorts, motels, holiday rentals and Airbnb’s within a dense residential catchment
+ Located 750 metres* from the recently approved $450 million Sheraton 5-star hotel and residential development with 223 hotel rooms and 400+ apartments  
+ Scarness: exclusive beachside location with 21,389 residents within a 3km* radius, further highlighting the strength of the trade catchment and tenant security
+ Hervey Bay: the fastest growing seaside city in regional Queensland and only 3 hours’ drive north from Brisbane. A world-renowned tourist destination and the commercial centre of the Fraser Coast region, with a trade catchment of over 117,000 residents, forecast to grow by 38.5% to 162,000+ residents by 2046
+ Fraser Coast Region: a booming tourism destination that welcomed more than 986,000 domestic & international overnight visitors in the year ending March 2024, contributing an impressive $692.9 million in expenditures
+ Estimated Net Income: $86,271 pa* + GST 
 
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson for more information.

*Approx.