OnShore Torquay is the name given to the land estate which includes 29 lots, once part of the ramshackle but prime-located caravan park at 100 The Esplanade. The lots range in size between 301 and 356 square metres, and in price between $375,000 and $660,000.
OnShore Torquay land buyers can utilise facilities at the $60 million, 5-star The Resort Torquay project, which Mr Casey’s development company Massey Pty Ltd, built on the balance of the 3.2 hectare Zeally Bay Caravan Park site.
These facilities include a 50 metre pool, day spa, gym, tennis court and conference centre.
Colliers International Residential selling agent Tim Storey expects sea changers, or those that have a sea change in their sites, to swoop on the blocks which were put to the market this weekend.
Massey paid $12.5 million for the caravan park in 2003. Its vendors were reported as putting the property on the market after receiving a $150,000 hike in land tax charges, following a local property boom. It had operated the successful caravan park on the site for 23 years prior to sale.