494 Esplanade, Torquay QLD 4655

Investors and developers don't miss out! A rare and exciting opportunity exists to acquire this stunning waterfront property in the heart of the Fraser Coast. Exceptionally located for ultra-convenience within walking distance to the beach, shops and restaurants, 494 Esplanade is located in the most sought-after location to accommodate the relaxed carefree beach lifestyle.
The property consists of 9 x 2-bedroom apartments and 1 x 1 bedroom managers accommodation/office/storage, (not strata titled)

• Complex sits on a flat 1232sqm block
• 9 car park spaces plus street parking available
• Common swimming pool
• Common area powered by solar panels
• Non-strata titled property
• Recently refurbished kitchens and bathrooms
• Currently achieving 6% rental yield
• Walk to Hervey Bay pier to enjoy the best sunset Hervey Bay has to offer
• Balconies catch the sea breezes and water views
• Bore water system to common area gardens & lawns

Collect passive rental income and explore the upside for highest and best use with future development. A perfect opportunity for an investor to explore the option of long term or short term/holiday leasing.
The property is very well maintained and has long-term tenants in place.
Includes On Site Managers apartment with semi attached office.
A comprehensive information memorandum is available by email. Contact Nitin Menon for more information.