356 Esplanade

Esplanade Frontage Development Site – 2,689m² Mixed-Use Opportunity 356 Esplanade, Torquay QLD 4655 Development site with existing improvements 2,689m² land | 8 units + 1 residence Esplanade frontage, dual street access, high-density mixed-use zoning Feature Summary Positioned directly on the Esplanade just steps from the coastline, this 2,689m² site represents a rare large-scale development holding within one of the Fraser Coast’s most tightly held beachfront corridors. The property currently comprises eight 2-bedroom units and a 5-bedroom residence, generating holding income while future planning is undertaken. However, the true value lies in the scale of the landholding, its dual street frontage, and its zoning — which supports high-density residential, tourism and mixed-use outcomes under the Fraser Coast Planning Scheme. For developers, this is not a standard unit block. It is a strategic site capable of delivering a multi-storey coastal project that integrates residential living, short-stay accommodation, and retail or commercial activation along the Esplanade. Must Haves 2,689m² Esplanade-front landholding High-density mixed-use zoning Dual street frontage Existing income-producing improvements Direct beach access (approx. 100 steps) Positioned within active tourism and lifestyle precinct I Wants Multi-storey development potential (STCA) Ability to integrate residential, tourism and retail uses Strong exposure to Esplanade foot traffic Rare large-format coastal development site Long-term capital growth in constrained beachfront supply Location Advantages (With Distances) Beach & Recreation Esplanade beachfront – approx. 50–80 metres Hervey Bay Esplanade walking/cycling track (approx. 15 km corridor) – immediate access Torquay Beach – approx. 100 metres Urangan Pier – approx. 3.5 km Great Sandy Strait / Fraser Island access (via barge) – approx. 10–15 km to departure points Shopping & Retail Stockland Hervey Bay Shopping Centre – approx. 3.2 km Pialba Place Shopping Centre – approx. 3.5 km Torquay local retail strip, cafes & dining – within 0–300 metres Transport & Connectivity Hervey Bay Airport – approx. 5 km Boat Harbour / Marina precinct – approx. 4–5 km Major arterial roads connecting to Maryborough – accessible within 5–10 minutes (approx. 5–8 km) Public transport services operate along the Esplanade corridor, linking Torquay, Urangan and Pialba Education Public Schools: Torquay State School – approx. 1.5 km Hervey Bay State High School – approx. 3.5 km Private Schools: Xavier Catholic College – approx. 2.5 km Fraser Coast Anglican College – approx. 6–7 km Health & Medical Hervey Bay Hospital – approx. 6 km St Stephen’s Hospital (private) – approx. 6–7 km Medical centres and allied health – within 1–3 km Tourism & Lifestyle Drivers Whale watching hub (seasonal tourism) – local region Marina and boating infrastructure – approx. 4–5 km Fraser Island (K’gari) gateway – regional access via barge points approx. 10–15 km Development Opportunity The zoning framework supports a wide range of outcomes including: High-density residential apartments Short-stay / tourism accommodation Ground-floor retail or food activation Mixed-use commercial/residential projects Dual street frontage enhances design flexibility, allowing for: Separate access points Basement or podium parking solutions Improved circulation and staging of development This is the type of site where design and planning unlock the real value. Market & Regional Growth The Fraser Coast has experienced a major uplift in development activity, with reported growth from approximately $300 million in 2019 to nearly $3 billion in 2024. Key indicators include: Significant increase in development approvals Expansion of residential, tourism and commercial infrastructure Strong pipeline of major projects across the region Upcoming and active projects include: Queensland Train Manufacturing Program (Torbanlea) Hervey Bay Community Hub (Pialba) New multi-storey residential developments along the coast Industrial expansion in Maryborough This level of activity supports long-term demand for well-located development sites, particularly those with coastal positioning and mixed-use potential. Strategic Value This property should be viewed as a land acquisition with holding income, not a yield-driven investment. Existing income: approx. $134,600 p/a Value is driven by redevelopment potential Limited supply of large Esplanade-front sites Strong alignment with planning scheme intent