395 Esplanade, Torquay, QLD 4655

For sale

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Looking for a Development Site on the Esplanade

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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Tim.profile
Licensed Real Estate Agent/Auctioneer

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Property Info:
  • Property ID: L1072533
  • Property Type: Land
  • Land Area: 2024.0 sqm
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R&H Suburb Profile: Torquay

R&H Suburb Summary Houses
Number of sales 98
Average Price $371,740
Median Price $337,000
Median Rental Price $345 p.w.
Change in Rental Rate (5yr) 8 %
R&H Suburb Summary Units
Number of sales 42
Average Price $264,679
Median Price $259,250
Median Rental Price $330 p.w.
Change in Rental Rate (5yr) 22 %
Torquay, QLD - Median Trend
$337,000