633 Boat Harbour Drive
Urangan, QLD 4655

Located in one of the most desirable coastal areas of Hervey Bay, this property at 633 Boat Harbour Drive, Urangan offers a unique investment opportunity with strong income potential and promising long-term growth. Designed specifically for shared accommodation, the property comprises five self-contained units, each with its own bedroom, bathroom, and living area, providing privacy and comfort for tenants.

A shared kitchen and laundry area is centrally positioned to serve all units efficiently, enhancing convenience while maintaining a practical layout. This setup is ideal for maximizing rental returns and attracting a diverse tenant base including workers, retirees, singles, and those seeking affordable, independent living close to essential services.

Currently tenanted, the property generates a net income of approximately $96,000 per annum, offering immediate cash flow and eliminating vacancy risks. Its location on the well-connected Boat Harbour Drive corridor ensures easy access to local beaches, the marina precinct, shopping centers, cafes, medical facilities, and public transport, all of which contribute to sustained rental demand and potential capital appreciation.

Investment highlights include:

• Five separate one-bedroom, one-bathroom self-contained units
• Shared communal kitchen and laundry facilities
• Established tenants providing immediate rental income
• Net income of approximately $96,000 per annum
• Purpose-built for shared accommodation
• Close proximity to beaches, marina, shopping, transport, and local amenities
• Strong addition to an expanding investment portfolio

Properties offering multiple income streams in such a sought-after coastal location are rare. Whether expanding an investment portfolio or seeking a reliable, set-and-forget asset, this property presents a compelling proposition for investors looking for both immediate returns and future growth.