Positioned in the middle of the Torquay precinct is this fantastic property which has 2 street frontage, and is 2024 m2 on the esplanade amongst the cafes, restaurants and accommodation. This development site has loads of potential as it currently has 2 houses creating a return while you plan for the future. Previously there was a Proposed Development for a 3 storey motel which will consist of 30 Units plus manager’s unit, large restaurant and underground secure parking. If you are looking for a motel this information can be made available. However what ever your plans for the future of the block this blue chip site will be an asset to your portfolio.
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|R&H Suburb Summary||Houses|
|Number of sales||98|
|Median Rental Price||$345 p.w.|
|Change in Rental Rate (5yr)||8 %|
|R&H Suburb Summary||Units|
|Number of sales||42|
|Median Rental Price||$330 p.w.|
|Change in Rental Rate (5yr)||22 %|