FOR SALE
$3,500,000

381-382 Esplanade
Torquay QLD 4655

Bedrooms: -
Bathrooms: -
Car spaces: 31
Floor area: 939m2
Land area: 2015m2
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Beachfront Retail Centre with Upside

RWC Retail are proud to present 381-382 Esplanade, Torquay (Hervey Bay) for sale $3,500,000 (6.6%)
|What|
• A multi-tenanted beachfront retail centre with 4 tenancies
• Leased to three well-established and popular retail & commercial tenants on very affordable base rents ($256/sqm* - $440/sqm*)
• Inflation resistant CPI annual reviews for all tenants
• 31 on-site parking bays, providing a generous ratio of 1:28sqm*
• 2.09 Year WALE (by income)
• Estimated Fully Leased Income of $229,693 + GST p.a.
|Where|
• Situated on a 2,015sqm* beachfront corner land parcel in the heart of the booming Hervey Bay region, 50 minutes flight North of Brisbane
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Property Details for 381-382 Esplanade, Torquay

Building Type
Commercial
Floor Size
939m2
Land Size
2015m2

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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 3,592 properties.

    There are currently 71 properties listed for sale, and 18 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Torquay.

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    Michael Feltoe
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    Lachlan O'Keeffe
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    RWC Retail QLD
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