PRD Hervey Bay 428 The Esplanade, Torquay, QLD 07 4125 1900
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164 Torquay Road
scarness
QLD, 4655

SOLD

Sold for $600,000

listing rooms 11
listing bathrooms 6
listing parking 8
Land: 1740 sqm

Potential Development, Investment With Great Return

Huge Potential Awaits!
Just two streets from the beach, cafes, shops and clubs on a freehold 1,740m2 high density site, (single title no Body Corporate fees) in the heart of Hervey Bay. In an area surrounded by town houses and unit blocks this is an investment too good to pass up.
Offering 6 Units in total consisting of:
5 x 2 bedroom units, 1 bathroom and one car accommodation.
1 x 1 bedroom unit, 1 bathroom and one car accommodation.
all with current long term tenants producing a strong rental return.
This block has plenty to offer either by leaving as it is, offering great instant income or maybe this could be your next big re-development.
Have a look at 23 Freshwater Street directly behind also listed for sale by myself and why not purchase both properties, this site then has double the opportunity with two street access.

Agents

Nearby Schools

About scarness

median house price

480000

suburb growth

2.1%

median house rent

430

suburb rental yield

4.7%

Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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