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Commercial, Residential
432 Esplanade, Torquay, QLD, 4655

Property details

  • Property ID:
    20428
  • EOI:
    Closing 4pm AEDT, 15 December 2019 (if not sold beforehand).
  • 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)

For sale via 'Expressions of Interest' closing 4pm AEDT, 15 December 2019
(if not sold beforehand)

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

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