This 3,047 sm site has DA approval for 33 x 1BR and 2BR apartments with dual key access.  This five storey absolute beach front development on 460 Charlton Esplanade, Torquay, Hervey Bay has dual street access and underground parking.

The site is currently income producing.

Torquay has seen a steady increase in house prices over the past five years (2005: 3.6%; 2006: 3.7%; 2007: 6.8% 2008: 2.5%) and a modest decline of 0.5% this year.  Waterfront property is always quick to sell

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