Price Guide $1,300,000
Raine & Horne Hervey Bay 07 4128 2188
Auction Thursday 7:00 pm
June 29
Agent Matt Phillips
12 Beds 6 Baths 6 Car Spaces

490 Esplanade, Torquay, 4655, Queensland

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.

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