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Floorplan Show all photos

Sold

322 Esplanade,
Scarness 4655, Queensland

12 car spaces
1,214m² land size
762m² building size
Retail

$2,550,000

Property details

Mixed-Use Investment | Multiple Income Streams - Hervey Bay

Auction, Wednesday 4 March at 11am
In Rooms at 43 Nariel Street, Albion

Key Bullet Points
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• Multiple income streams
• Retail + Residential + Storage Tenants
• Two established retail tenancies
• Includes Expansive Four-bedroom residential apartment
• Vacant storage income upside
• For sale via Public Auction 4th March 2026.
• Total income: $138,600 p.a. approx
• No Body Corporate Fees (Freehold investment)

Description
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We take pleasure in presenting a present a high-quality mixed-use freehold investment offering multiple income streams and clear upside, positioned along the tightly held Scarness Esplanade.

The property comprises established ground-floor retail tenancies complemented by a well-appointed first-floor residential apartment, generating a combined gross income of $138,600 per annum. The diversified tenant profile provides immediate income security while reducing vacancy risk.

Further upside exists through the leasing of currently vacant storage areas, presenting a clear opportunity to enhance returns with minimal capital expenditure.

The owner has undertaken extensive maintenance works in preparation for sale, ensuring the asset is presented in strong condition for incoming investors. The property is being offered via public auction, with the vendor committed to selling due to an overseas relocation.

To assist buyer due diligence, the vendor has already provided:

• An Auction Contract of Sale
• A Detailed Pest and Building Report (available upon request)
• A comprehensive due diligence information pack


This is a rare opportunity to acquire a sale-ready mixed-use investment with diversified income, immediate rental uplift potential, and a motivated vendor.

For further details and inspection arrangements, please don't hesitate to make contact with Stephen, Elliot or Jacob.


Auction Details
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Date: 4th March
Time: 11.00 am
Location: Ray White Metro North, 43 Nariel Street Albion

Explore the area

School catchments

  • Pialba State School Primary Prep-6 Government 1.7km
  • Torquay State School Primary Prep-6 Government 1.7km
  • Kawungan State School Primary Prep-6 Government 1.7km
  • Sandy Strait State School Primary Prep-6 Government 3.3km
  • Star of the Sea Catholic School Primary Prep-6 Catholic 3.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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