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 & 12 x 2 bedroom apartments). Situated directly opposite pristine beaches “Bayshores” is currently run as short term accomodation or holiday letting (figures available). The property is in immaculate condition and has six 2 bedroom apartments and a Queenslander style home. This property represents a very sound investment either as a going conern and landbanking for the future or as a re-development site. Very motivated vendor is prepared to listed to all reasonable offers.