405 Esplanade, TorquayQLD 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.