Colliers are pleased to present to the market a shovel ready apartment project located at 47 Freshwater Street in Hervey Bay’s Scarness via an Expression of Interest process. The Freshwater Apartment Project has been designed to produce a high quality residential living experience fined tuned to its sub tropical environment. The project is situated close to the Scarness ocean front between the commercial centre of Pialba and the boating and lifestyle centre of Urangan.

The Fraser Coast Region has a population of over 110,000 which is expected to grow at a rate of 15 per annum out to 2041. The majority of this population, about 70,000* people, live in Hervey Bay and its surrounding coastal and inland communities. By 2041 around 90,000 persons, representing 70% of the region’s growth, are forecast to live in Hervey Bay and these surrounding communities that the City Centre services.

The approved development scheme includes a 69 apartments over 3 level above a ground floor carpark wrapping around a lushly landscaped pool and entertainment area. Every aspect of the design has been created with cost effectiveness in mind to produce a scheme that is as buildable as it is attractive to the residential market.

The Freshwater Apartment Project’s key attributes include:

• Rare opportunity to acquire an approved Hervey Bay apartment project
• 6,240m²* oceanside north facing level site
• 2024 planning approval for 69 apartments over 3 levels
• Design allows for staged development of the Project
• Crafted to meet the needs of a booming Hervey Bay market
• High level of accessibility to major metro populations
• Access to existing service infrastructure network
• Proximity to the established retail and commercial centre of Pialba including major supermarkets, restaurants, businesses and medical services
• Market under supplied, with ‘ready to go’ apartment projects

The period for submitting Expressions of Interest closes at 4pm on Thursday 27 June 2024. Please contact the exclusive agent below for a confidential discussion about the property, to receive the Information Memorandum and to gain access to the Due Diligence material.

*approximate