Fraser Coast prime properties set to go under the hammer
THREE high-profile Fraser Coast properties will go under the hammer next month in one of the biggest property auctions in the region this year.
The three properties released to market, a Maryborough NDIS provider, a Hervey Bay rehabilitation centre and an employment services centre, will be auctioned next month at Burgess Rawson's flagship portfolio auction on December 4.
It follows real estate experts predicting a steady increase in the region's property market last month as more than $590 million in infrastructure comes to fruition.
Selling agent Glenn Conridge said the three properties ticked all the boxes for investors looking for strong assets in coastal communities.
"(They) exemplify all the best qualities of prime commercial investments, including great tenant security with recently renewed leases to tenants who operate in government-funded and backed industries," Mr Conridge said.
"Given the Fraser Coast's thriving tourism market and expected population growth... these properties will likely attract significant investor interest." Mr Conridge said the population was expected to grow by 61 per cent by 2031, further driving the need for these strong sites.
The first property at Shop 17, 59 Torquay Rd in Hervey Bay was co-marketed with Win Projects. The 180sqm premises is tenanted by rehabilitation centre Bridges Aligned Service Inc. until 2021 and offers a net income of $38,000 pa.
Shop 5 at 65 Main St, the site of disability employment service APM and the second property to go under the hammer, has a net income of $121,772 pa while the final property, located at 75 Lennox St in Maryborough has a net income of $73,673 pa.
All three properties will go under the hammer on December 4 at Sydney's Doltone House, Hyde Park from 11am.
The sale comes after positive reports from the Real Estate Institute of Queensland's Market Monitor, which predicted about 2200 jobs for the last quarter of 2018.
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