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443 Esplanade, Torquay QLD 4655

Auction, Thursday, 24 September At 7:00 Pm

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$1.5M - $1.65M Low Confidence Calculated based on limited search observations.

House 13 Beds 4 Baths 4 Cars 2024 m²

Listed: 48 days ago

Overview

This rare beachfront property presents an exceptional development opportunity with two adjoining titles totaling approximately 2,024sqm on the Torquay Esplanade. Its broad frontage and prized northerly outlook across Hervey Bay towards Fraser Island offer remarkable coastal views that enhance the appeal of this substantial landholding.

Currently featuring six residential units that generate holding income, the site balances immediate investment returns with long-term redevelopment potential. Zoned High Density Residential under the Fraser Coast Planning Scheme, the property supports a significant residential or mixed-use project subject to council approvals. It lies within a designated tourism node, encouraging well-designed, higher density development that maximizes the benefits of the beachfront location.

The location is highly functional, within walking distance to local shops, cafes, restaurants, and boutique retail, while also being closely connected to foreshore amenities and tourism accommodation options. This blend of convenience and scenic appeal positions the site well for a variety of end-users including developers looking for scale and coastal exposure, investors seeking a steady income stream, or land bankers aiming to secure a strategically placed asset in a sought-after coastal market.

Two adjoining titles each approximately 1,012sqm for a combined total of 2,024sqm
Exceptional beach-facing outlook with direct access to calm, patrolled waters
High Density Residential zoning that facilitates versatile development options
Existing accommodation providing immediate cash flow
Proximity to vibrant retail and dining precincts, enhancing lifestyle and convenience

This property offers a compelling foundation for a substantial project or investment in a tightly held coastal location with significant upside potential.

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Local Market Insights

In Torquay, Quiet Listings observed 159 new houses entering the market over the last 30 days, up from 90 during the previous 30-day period, with an average advertised asking price of $957,648. The property type mix of listed properties is predominantly Houses at 66%, followed by land (18%), and units (8%). The most active agency for houses in the Torquay area is currently Ray White, representing 29% of new listings, followed by Prime Agents Hervey Bay with 21%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.