434 Charlton Esplanade,
Torquay, QLD 4655

Shops & Retail • Offices

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Affordable Investment on the Hervey Bay Beachfront. Huge Potential for Multi Storey Development.

Prime beachfront freehold corner
Occupied for over 20 years
Potential high rise development (STCA)

- Prime beachfront reserve freehold corner property overlooking Hervey Bay
- Occupied for over 20 years by iconic famous local restaurant leased with options to 2024
- Adjoining shop leased to Modern Real Estate with option to 2021
- First floor comprises 4 bedroom residence with filtered ocean views
- Located in High Density Development Precinct HDR1 (Hervey Bay tourism nodes)
- Potential high rise mixed commercial residential development to 6 storeys (STCA)
- Site area of 367 sqm, building area of 349 sqm
- On-site secured lock up garaging
- Tenants pay outgoings as per lease
- Net Income: $57,941.17 pa + GST

Auction 11am Tuesday 16 May 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property ID: 502367162Last Updated: 12 Jul 2017

07 3220 36...