Affordable Investment on the Hervey Bay Beachfront. Huge Potential for Multi Storey Development.
434 Charlton Esplanade, TORQUAY QLD
Description
– 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 Details
Listing
Sale
Land Size
367 SQM
Building Area
349 SQM