FOR SALE
Offers around $600,000

301/468 Esplanade
Torquay QLD 4655

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 102m2
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Perfect beachfront investment

Buying in to beachfront real estate is always a good move for a long term investor, however, buying in to a block of this quality at this price surely is therefore a no brainer!?!
Arguably Hervey Bay's finest resort development to date, Allegra is branded as a 5* Grand Mercure; the apartments and common areas are immaculate and so well maintained with impeccable standards set by the on-site managers and their team.
Income is consistently good and occupancy is high not only from the year round tourist market but also from the ever growing corporate market attracted to this high quality offering.
This particular apartment is on the third floor and opposite the lift offering excellent access. Fully furnished and recently refurbished, the apartment is ready to accept guests and earn you income! It offers a good size balcony and benefits from ocean glimpses.
The complex features a stunning pool and a fully stocked gym with sauna.
* Constructed in 2007 and operating and managed as 5* Grand Mercure Allegra
* Third floor apartment of 102.8sqm
* Two bedrooms and two bathrooms
* One car parking space
* Reverse Cycle ducted air conditioning
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Property Details for 301/468 Esplanade, Torquay

301/468 Esplanade, Torquay is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 102m2. The place is currently for sale with The Agency Sunshine Coast.

Building Type
Apartment
Floor Size
102m2

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About Torquay 4655

The size of Torquay is approximately 4.3 square kilometres. It has 15 parks covering nearly 13% of total area. The population of Torquay in 2011 was 6,025 people. By 2016 the population was 6,331 showing a population growth of 5.1% in the area during that time. The predominant age group in Torquay is 60-69 years. Households in Torquay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 51.2% of the homes in Torquay were owner-occupied compared with 53.2% in 2016.

Torquay has 3,603 properties. Over the last 5 years, Houses in Torquay have seen a 90.49% increase in median value, while Units have seen a 94.52% increase. As at 31 August 2024:

  • The median value for Houses in Torquay is $642,657 while the median value for Units is $490,223.
  • Houses have a median rent of $520 while Units have a median rent of $460.
There are currently 54 properties listed for sale, and 19 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Torquay.

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Damian Raxach
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The Agency Sunshine Coast
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