490 Esplanade, TORQUAY, Queensland, 4655

  • 12
  • 6
  • 6

For sale

$1,300,000

HALF ACRE ON THE ESPLANADE

Positioned in a major tourist area of Hervey Bay + zoned high density = the ideal development site!

This DEVELOPMENT opportunity is currently operating as permanent rentals and has the capacity to extend on the high density zoning potentials. Boasting highly sought-after Esplanade frontage, the position includes sea views, a brief stroll to cafes and other restaurants. Current earnings for the investment are approx. $60,000 P.A and include the following features:

- 3 × 2 Bedroom Duplexes ( 6 Units in total)

- 2,032m2 of Prime Land, with Esplanade frontage

- Located on beautiful Shelly Beach

- Formally DA Approved for 10 Units (Drawings available on request)

- Offering a current real return on investment

- Two-street frontage facilitates zoned for high-density development

- Back-street entry maximises sea-views and use of prime location

Owners have advised they are keen to sell, and will appreciate all reasonable offers.

Property Info:

  • Property ID: 16844480
  • Property Type: House
  • Garages: 6
  • Land Area: 2032.0 sqm

We Know Your Area

R&H Suburb Profile: Torquay

R&H Suburb Summary Houses
Number of sales 114
Average Price $359,061
Median Price $338,500
Median Rental Price $340 p.w.
Change in Rental Rate (5yr) 10 %
R&H Suburb Summary Units
Number of sales 69
Average Price $255,841
Median Price $235,000
Median Rental Price $288 p.w.
Change in Rental Rate (5yr) 6 %
Torquay, QLD - Median Trend