166/33 Degilbo Street

Maryborough QLD 4650

33 Degilbo Street (2/1/1/809 m2) receives $240 p/w rent with a relatively new & tenant is on a 6 month lease. The house is a refurbished colonial character home which can be removed and relocated. The owner has just finished some maintenance to ensure the house remains in good solid condition. It could do with some minor cosmetic improvements (paint etc) to add value.

Together both properties sit on 1821m2 with three street frontages.
Opportunities for future development by either removing both homes and building units, town houses, commercial/retail or put another house between the two.

Please Contact Agent for details: Justin 0400 335572, justin.cheng@yong.com.au

*** Great potential in Maryborough !!
Maryborough is one of Queensland's oldest cities and was a major commercial industrial port in the late 1800's. Maryborough is situated on the banks of the picturesque Mary River - which connects through to the Great Sandy Strait and world heritage listed Fraser Island. The town has a rich economic and cultural heritage, as it was once a major port of entry for immigrants arriving in Queensland from all parts of the world.

Maryborough remains a major transport hub as it is positioned on the Bruce Highway under 3 hours from Brisbane, with direct flights to Brisbane and Sydney via the Hervey Bay airport. The region is currently undergoing a grand transformation, as we are seeing significant evolution in foundation industries. Traditionally a hub for sugar production, a generational transition in the agricultural sector is seeing opportunities emerge in higher value tree crops and the Federal Government has recently announced $18 million to ensure ongoing water security for Maryborough. Building on its' manufacturing heritage, the region is becoming a centre for defence and advanced manufacturing with the upcoming construction of a $60 million shell forging plant, and the establishment of a next generation aircraft manufacturing facility in Hervey Bay. Other significant opportunities exist in health and Maryborough currently has high rental yields of around 6-7%, and some of Queensland's lowest vacancy rates of 1.6% in Maryborough and 1.0% in Hervey Bay. We are noticing trends in population growth in our region as spill over from the Sunshine Coast's rapid growth, and the upcoming influx of jobs to the region will only create further opportunities for real estate investors and developers.

* Note : All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.