1/129 Boat Harbour DriveUrraween QLD 4655
Property Details for 1/129 Boat Harbour Dr, Urraween
Last Listing description (October 2023)
Michael Feltoe & Lachlan O'Keeffe are pleased to present for sale 1/129 Boat Harbour Drive, a single-tenanted investment on a recently extended 6 year net lease to Cash Converters Hervey Bay.
|What|
A single tenanted passive investment leased to an experienced 36-store Cash Converters operator
Prime positioning in the high-profile Midway Place LFR Centre, with exposure to over 17,400^ vehicles daily and direct access off Boat Harbour Drive.
Net Income of $103,071 + GST p.a.
|Where|
High-profile 417sqm* building in the heart of Hervey Bay, the commercial heartland of the Fraser Coast region
Hervey Bay is the largest city in Queensland's Fraser Coast region, with a population of almost 59,000 people, and is tipped to lead population growth in the region over the next 20 years
At the heart of the Hervey Bay commercial district, with significant traffic-generating amenities including the Stockland Shopping Centre within 250m*.
|Why|
An ultra low-maintenance investment, with the tenant responsible for the day-to-day maintenance of the property
An experienced Cash Converters operator with over 36 stores across Australia
Fixed 4% rental increases
ASX-listed Cash Converters are the preeminent personal finance and secondhand retail brand in Australia, with over 150 stores nationwide and over 600 stores worldwide
*Approximate
^Sitewisely
** 2022 Toowoomba Development Status Report
Property History for 1/129 Boat Harbour Dr, Urraween, QLD 4655
- 07 Aug 2023Sold for $1,475,000
- 06 Jun 2023Listed for Sale $1,700,000
- 03 May 2023Listed for Sale Auction Friday
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0About Urraween 4655
The size of Urraween is approximately 7.5 square kilometres. It has 16 parks covering nearly 9.1% of total area. The population of Urraween in 2016 was 6969 people. By 2021 the population was 7951 showing a population growth of 14.1% in the area during that time. The predominant age group in Urraween is 70-79 years. Households in Urraween are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Urraween work in a professional occupation.In 2021, 70.60% of the homes in Urraween were owner-occupied compared with 70.70% in 2016.
Urraween has 4,159 properties. Over the last 5 years, Houses in Urraween have seen a 93.53% increase in median value, while Units have seen a 111.97% increase. As at 31 March 2026:
- The median value for Houses in Urraween is $821,722 while the median value for Units is $694,539.
- Houses have a median rent of $648 while Units have a median rent of $450.
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