Here is an excellent opportunity to purchase this great property comprising of 4 flats all occupied and returning $600.00 per week combined in Bundaberg's rapid developing growth corridor providing the potential to do business and redevelop if exposure to large numbers of passing traffic and exposure is required.
This property is on an 809m2 easement free Residential B allotment only one block back from Walker Street and South Side Shopping precinct, approx. 1.4km to Bundaberg CBD / Post Office and with good exposure this property offers the potential and solution for why many businesses wish to develop and relocate to this position.
Major road upgrades have just been completed along Barolin Street between Walker Street and Hinkler Shopping Centre and this strip is now the home to many new commercial tenancies including Medical Centres, Engineering and Surveying Offices, Town Planners, Dental Clinics, Financial Advisors, Valuers, Solicitor Offices and many more.
The size of Coral Cove is approximately 2.3 square kilometres. There are 5 parks, covering nearly 48.4% of the total area. The population of Coral Cove in 2016 was 1268 people. By 2021 the population was 1462 showing a population growth of 15.3% in the area during that time. The predominant age group in Coral Cove is 60-69 years. Households in Coral Cove are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Coral Cove work in a professional occupation.In 2021, 78.70% of the homes in Coral Cove were owner-occupied compared with 69.00% in 2016.
Coral Cove has 847 properties. Over the last 5 years, Houses in Coral Cove have seen a 109.70% increase in median value, while Units have seen a 190.44% increase. As at 30 June 2026:
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