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88 Wharf Street, Maryborough

FOR SALE $459,000
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  • Property ID: 61503360
  • Bedrooms: 10
  • Bathrooms: 4
  • Property type: HOUSE
  • Land size: 1060 Metres²
  • Building size:
  • Carport: 2
  • Listing type: FOR SALE

RIVERSIDE APARTMENTS

Riverside Apartments
Vendors are motivated and need funds for other projects. Due to its location, Riverside Apartments is prime real estate with unlimited future potential.

Building Description
Situated at 88 " 90 Wharf Street, Maryborough, Riverside Apartments is comprised of 4 spacious, apartments within a single 2 storey timber building (Circa 1891) which is considered to be in a fair to good condition.
The Building (subject to Council approval) has potential to be utilised in many ways, either residential or commercial.

Land Description
The real value of the property is held in the land component. Totalling 1060 M2, it is held in five (5) titles. The property fronts Wharf Street, the historical heart of Maryborough. This frontage measures 24.06 metres. Vehicle access is via the Federal Car Park, off Kent Street. Considerable public car parking surrounds the block.

Location
The location of Riverside Apartments is unsurpassed in Maryborough. The property is within the Portside Heritage Precinct, Maryborough's heritage heart. Located within the CBD and with uninterrupted views of 2 reaches of the Mary River, the property certainly conforms to the real estate adage of "location, location, location".

Across Wharf Street from Riverside Apartments is the beautiful Mary River Parklands, centre stage for many local festivals. The quaint Mary Ann Steam Train has a stop here at tiny McAlister Station. Follow the river walk to the left and within minutes arrive at beautiful Queens Park and the Brolga Theatre, Maryborough's contemporary arts / convention centre.

In the immediate neighbourhood are many restaurants, cafes, museums and art venues. Muddy Waters Café, The Port Residence Restaurant and Function Centre, Bond Store Museum, Military and Colonial Museum and Gatakers Artspace are a few of these.
Maryborough's public jetty and Queens Wharf are directly opposite.

Potential
The property is in a favoured area within Maryborough City where development is supported. Maryborough City Plan indicates that "Mixed use residential development up to three story's over ground floor commercial / retail" would be permissible. Council advice is recommended.

The existing building has many potential uses, e.g. bed and breakfast, permanent rentals, retail, offices, consulting rooms, surgery, takeaway food, art gallery, restaurant, showrooms, child care centre, education etc.

Strategically, the land component could be redeveloped as a unit development, motel, medical centre, retail, indoor entertainment complex, restaurant, showroom, hotel etc or indeed a mixture of the above.


Income
Based on permanent rentals, income could be about $40,000 pa gross, ie 4 x $200 x 52 = $41,600.

Data
Address: 88 " 90 Wharf Street, Maryborough
Area: 1060m2
24.06m frontage to Wharf Street
Vehicle access via Federal Car Park, Kent Street
City Rates (1 July 2015 to 30 June 2016) - $3,875.19 after discount
Water & Sewerage Access Charges (1 March to 30 June 2015) - $1,586.66 + water consumption charge less discount

For further details please contact the office.

Proximity Points

Cafe : Muddy Waters Cafe 133 Wharf Street, Maryborough 0.2 km 2 mins
Rv Park : Mary River Marina @ The Wharf 71 Wharf Street, Maryborough 0.2 km 2 mins
Cafe : Port Side Residence 133 Wharf Street, Maryborough 0.2 km 3 mins
Restaurant : The Engineers Arms 4/115 March Street, Maryborough 0.2 km 3 mins
Doctor : Kent Street Medical Centre 254 Kent Street, Maryborough 0.2 km 3 mins
Church : St.Marys Catholic Parish 269 Adelaide St, Maryborough 0.3 km 3 mins
Post Office : Australia Post - Maryborough Post Shop 227 Bazaar Street, Maryborough 0.3 km 4 mins
Bar : Post Office Hotel 221 Bazaar Street, Maryborough 0.3 km 4 mins
Store : Maryborough Home Brew 278 Kent Street, Maryborough 0.3 km 4 mins
Store : Mary Delicious 329 Kent Street, Maryborough 0.3 km 4 mins
Doctor : The Monsour Clinic -Dr. Monsour Michael 297 Kent Street, Maryborough 0.3 km 4 mins
Doctor : Dr Bundellu Ravi 310 Kent Street, Maryborough 0.3 km 4 mins
Doctor : Storm Awie 258 Bazaar Street, Maryborough 0.3 km 4 mins
Restaurant : Fortune Chinese Restaurant 224 Bazaar Street, Maryborough 0.3 km 4 mins
Restaurant : Lucky Chinese Restaurant 302 Kent Street, Maryborough 0.3 km 4 mins
Doctor : Queens Park Medical Centre 5/264 Bazaar Street, Maryborough 0.3 km 4 mins
Doctor : Francis Family Doctors 310 Kent Street, Maryborough 0.3 km 4 mins
Bank : Mortgage Choice Maryborough 359 Kent Street, Maryborough 0.4 km 4 mins
Park : Queens Park Sussex Street, Maryborough 0.4 km 5 mins
Gym : Maryborough Fitness Health & Bodyworks 175 Bazaar Street, Maryborough 0.4 km 6 mins
Bank : Westpac Banking Corporation Kent Street, Maryborough 0.5 km 6 mins
Bank : Westpac Branch/ATM Cnr Kent & Adelaide Sts, Maryborough 0.5 km 6 mins
Pharmacy : Good Price Pharmacy Warehouse 227 Adelaide Street, Maryborough 0.5 km 6 mins
Restaurant : Allikats on Kent 374 Kent Street, Maryborough 0.5 km 6 mins
Gym : Changes Lifestyle Centre 171 Bazaar Street, Maryborough 0.5 km 6 mins
Home Goods Store : The Land of Sweets 403 Kent Street, Maryborough 0.5 km 6 mins
Bakery : Brumbys 393 Kent Street, Maryborough 0.5 km 6 mins
Bar : Old Sydney Hotel Richmond Street, Maryborough 0.5 km 7 mins
Gym : Body Corporate Health & Fitness Centre Maryborough 146 Bazaar Street, Maryborough 0.5 km 7 mins
Bank : Westpac Branch/ATM Cnr & Sts Kent Street, Maryborough 0.5 km 7 mins
Grocery Or Supermarket : Woolworths Maryborough Sussex Street, Maryborough 0.6 km 7 mins
Pharmacy : Terry White Chemists Shop 27, Station Square Shopping Centre, Lennox street, Maryborough 0.6 km 7 mins
Bank : CBA Branch (Maryborough) 232 Adelaide Street, Maryborough 0.6 km 7 mins
Atm : CBA ATM (Branch) 232 Adelaide Street, Maryborough 0.6 km 7 mins
Atm : Cashcard ATM 96/98 Richmond Street, Maryborough 0.6 km 7 mins
Library : Maryborough Library 127-129 Bazaar Street, Maryborough 0.6 km 7 mins
Gas Station : Matilda 16 Grimwood St, Maryborough South 0.6 km 8 mins
Grocery Or Supermarket : Coles Supermarkets Alice St & Station Square Lennox Street, Maryborough 0.6 km 8 mins
Police : Maryborough Police Station Kent Street, Maryborough 0.6 km 8 mins
Pharmacy : Friendlies Chemist 217 Adelaide Street, Maryborough 0.6 km 8 mins
Atm : ANZ ATM Maryborough (Smart) 221 Adelaide Street, Maryborough 0.6 km 8 mins
Bank : ANZ Branch Maryborough 221 Adelaide Street, Maryborough 0.6 km 8 mins
Bank : Suncorp Bank Maryborough 213 Adelaide Street, Maryborough 0.6 km 8 mins
Pharmacy : Friendlies Independent Living Shop 2 60 Ellena Street, Maryborough 0.6 km 8 mins
Restaurant : Simply Wok Maryborough 0.6 km 8 mins
Bakery : Maryborough French Hot Bread 207 Adelaide Street, Maryborough 0.6 km 8 mins
Bank : Auswide Bank 201 Adelaide Street, Maryborough 0.7 km 8 mins
Department Store : Dimmeys Maryborough 204 Adelaide Street, Maryborough 0.7 km 8 mins
Bank : Commonwealth Bank 204 Adelaide Street, Maryborough 0.7 km 8 mins
Bank : Heritage Building Society 91 Bazaar Street, Maryborough 0.7 km 8 mins
Bank : Bank of Queensland 177 Adelaide Street, Maryborough 0.7 km 9 mins
Atm : CUA ATM Alice Street, Maryborough 0.8 km 9 mins