Bayshores Holiday Apartments are situated on a 2023m2 prime Esplanade block right in the heart of the vibrant Torquay shopping precinct. The property boasts 2 street frontage and a Development Application has been approved by Council for the building of 18 new apartments over 3 levels (these consist of 6 x 3 bedroom and 12 x 2 bedroom apartments). Situated directly opposite pristine beaches, ‘Bayshores’ is currently run as short term accommodation or holiday letting (figures are available). The property is in immaculate condition and has 6 x 2 bedroom apartments and a Queenslander style home. This property represents a very sound investment either as a going concern and landbanking for the future or as a redevelop site. Very motivated vendor is prepared to listen to all reasonable offers.