Hervey Bay

Corner Boat Harbour Drive and Main Street, Pialba, QLD, 4655

Property Description

Hervey Bay is a regional city located 279 kilometres north of Brisbane and approximately 139 kilometres south of Bundaberg. The property is positioned on the south-eastern corner of the intersection of Boat Harbour Drive, the main thoroughfare in Hervey Bay, and Main Street. The site is approximately 800 metres south of the traditional retailing precinct of Pialba. Numerous retail, showroom and semi-retail businesses located in this precinct include Crazy Clarks, Ultra-Tune, Bob Jane, Toyworld, Harvey Norman and Supa Cheap as well as fast food outlets such as Pizza Hut, Macdonald's, Red Rooster and Subway. Located directly to the west of the property are large format retailers including Autobarn, Chemist Warehouse, Pet World and Aldi. Situated further west is the Bay Central Shopping Centre. Following Bunnings' relocation from the property, BWP has successfully completed and leased a $22.2 million redevelopment to accommodate four large format retail tenants. Amart, Rebel, BCF and Super Cheap Auto have all commenced trading from the property.

Land area

30,170 m²

The total GLA/retail area

10,033 m²

Bunnings lease commencement date

23/12/2002

Total Property Cost

$31,432,765

Current valuation

$31,300,000

Annual Rent

$1,420,850

Property Location

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