House for sale

490 Esplanade,

Torquay, QLD

12 6 6
$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 x 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.
Last updated: 04:23PM on Aug 10th 2017
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Raine & Horne Hervey Bay Scarness

357 The Esplanade
Scarness QLD, 4655