405 Esplanade, Torquay, QLD 4655

Positioned​ ​on​ ​the​ ​Esplanade​ ​in​ ​the​ ​heart​ ​of​ ​Hervey​ ​Bay's​ ​premier​ ​waterfront​ ​precinct,​ ​405​ ​Esplanade​ ​combines​ ​a​ ​proven​ ​income-producing​ ​complex​ ​with​ ​significant​ ​long-term​ ​development​ ​potential;​ ​a​ ​genuine​ ​build-on​ ​proposition​ ​in​ ​one​ ​of​ ​the​ ​Fraser​ ​Coast's​ ​most​ ​tightly​ ​held​ ​waterfront​ ​corridors.

The​ ​existing​ ​complex​ ​comprises​ ​of​ ​six​ ​self-contained​ ​two-bedroom​ ​apartments,​ ​featuring​ ​a​ ​mix​ ​of​ ​configurations​ ​across​ ​two​ ​levels​ ​with​ ​air​ ​conditioning,​ ​security​ ​screens​ ​and​ ​undercover​ ​carport​ ​parking.​ ​Future​ ​owner/s​ ​have​ ​flexibility​ ​to​ ​lease,​ ​occupy​ ​or​ ​transition​ ​suitable​ ​apartments​ ​to​ ​holiday​ ​accommodation;​ ​operating​ ​the​ ​asset​ ​in​ ​a​ ​way​ ​that​ ​suits​ ​their​ ​strategy.​ ​A​ ​saltwater​ ​in-ground​ ​pool​ ​and​ ​lush​ ​landscaping​ ​complete​ ​the​ ​amenity​ ​offering.​ ​An​ ​un-renovated​ ​house​ ​at​ ​the​ ​rear​ ​presents​ ​a​ ​clear​ ​opportunity​ ​for​ ​easy​ ​expansion.

Cafés,​ ​restaurants,​ ​shopping​ ​and​ ​parkland​ ​are​ ​all​ ​within​ ​walking​ ​distance.​ ​Hervey​ ​Bay​ ​is​ ​one​ ​of​ ​Queensland's​ ​fastest​ ​growing​ ​regions,​ ​driven​ ​by​ ​strong​ ​interstate​ ​migration,​ ​an​ ​expanding​ ​infrastructure​ ​base,​ ​and​ ​sustained​ ​demand​ ​from​ ​both​ ​owner-occupiers​ ​and​ ​investors.​ ​The​ ​city's​ ​coastal​ ​lifestyle,​ ​relative​ ​affordability,​ ​and​ ​improving​ ​connectivity​ ​continue​ ​to​ ​attract​ ​buyers​ ​from​ ​across​ ​Australia​ ​seeking​ ​both​ ​lifestyle​ ​and​ ​investment​ ​opportunities,​ ​with​ ​the​ ​Esplanade​ ​positioned​ ​as​ ​the​ ​centre​ ​of​ ​the​ ​city's​ ​coastal​ ​appeal.

Opportunities​ ​to​ ​acquire​ ​an​ ​income-producing​ ​beachfront​ ​site​ ​of​ ​this​ ​size​ ​in​ ​Hervey​ ​Bay​ ​are​ ​genuinely​ ​uncommon.​ ​​ ​To​ ​arrange​ ​a​ ​private​ ​inspection,​ ​contact​ ​Callan​ ​McCutheon​ ​at​ ​Raine​ ​&​ ​Horne​ ​Hervey​ ​Bay​ ​on​ ​0473​ ​620​ ​001.