297 Kent StreetMaryborough QLD 4650
Property Details for 297 Kent St, Maryborough
Last Listing description (September 2024)
If you desire one of the Hervey Bay region's most exclusive homes, ample space, and the possibility of generating passive income, you must inspect this two-storey residence with potential retail or office space in the heart of Maryborough CBD.
Featuring a luxurious five-bedroom executive apartment, this iconic 19th-century mansion features marble fireplaces, chandeliers, and polished timber flooring. Discerning buyers will identify the uncapped opportunity that is now on offer.
Originally built in 1889 for the Royal Bank, this architecturally stunning building was built to last, with no expense spared. While steeped in history, modern extensions have expanded the total footprint to 570 m2.
On the lower floor, an impressive 14-foot ceiling, tile floor, and reception foyer greet visitors. Period features, including cedar doors and lead lights, complement the 17 fully air-conditioned offices, kitchenette, toilets, and strong room (former bank vault with foot thick lead lined walls).
The lower floor has previously served as a medical centre, restaurant, boarding house, and college. This versatile space could be repurposed for any number of uses, such as co-working spaces and multiple tenancies like coffee and retail shops, catering to the captive clientele using the large council car park next door.
Upstairs, accessed via the grand cedar staircase or other private entrances, this luxurious apartment could be mistaken for a European palace.
The apartment's private balcony offers stunning views of the town, with ample space to host unforgettable gatherings with family and friends.
Situated on a 1000 m2 block, with undercover private parking and room for gardening or other outdoor projects, this property represents excellent value and offers the potential to generate a passive income.
Property History for 297 Kent St, Maryborough, QLD 4650
- 06 Nov 2024Sold for $1,595,000
- 17 May 2024Listed for Rent $650 / week
- 28 Feb 2024Listed for Sale $1,600,000
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0About Maryborough 4650
The size of Maryborough is approximately 26.5 square kilometres. There are 45 parks, covering nearly 7.5% of the total area. The population of Maryborough in 2016 was 15406 people. By 2021 the population was 15287 showing a population decline of 0.8% in the area during that time. The predominant age group in Maryborough is 60-69 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a community and personal service occupation.In 2021, 61.50% of the homes in Maryborough were owner-occupied compared with 59.70% in 2016.
Maryborough has 8,401 properties. Over the last 5 years, Houses in Maryborough have seen a 137.43% increase in median value, while Units have seen a 100.41% increase. As at 30 April 2026:
- The median value for Houses in Maryborough is $575,295 while the median value for Units is $390,335.
- Houses have a median rent of $520 while Units have a median rent of $380.
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