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Commercial, Residential
432 Esplanade, Torquay, QLD, 4655

Property details

  • Property ID:
    20428
  • For Sale:
    Contact Agent
  • Area:
    4133 m2 (*approx)
  • Type:

    Commercial: Office / Retail

    Residential: Apartment Sites, Hotel Sites

  • Development Approved:
    Retails shops, 36 apartments and 105 hotel/motel suites
Agency information
Glenn Conridge

Overview

BLUE RIBBON BEACHFRONT INVESTMENT - D.A. APPROVAL 8 STOREY MIXED DEVELOPMENT

  • Massive 4,133 sqm corner site
  • D.A. Approval to 8 Storeys
  • Beachfront location

Massive 4,133 sqm corner site (Fraser Street) with 3 street frontages
Currently 9 well established retail shops including restaurants, café, barber shop, menswear and others
Situated in the heart of the Hervey Bay tourism precinct.
Renewed approval for 8 storey signature development comprising ground floor retails shops, 36 apartments and 105 hotel/motel suites
Hervey Bay is located a comfortable three and a half hours drive or a 45 minute flight north of Brisbane.
Hervey Bay/Fraser Coast Region: whale watching capital of the world and one of Queensland’s
fastest growing areas with forecast population growth of 38% to 144,835 by 2036
Fabulous opportunity to hold & develop later with current approval to 2022 or development ready now
Net Income $171,121 p.a. (plus GST) (fully leased)

Remember to mention you found this property on DevelopmentReady.com.au

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