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8 Pearl Street
Torquay VIC 3228

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Busy Pasta Restaurant in Central Torquay

Phone enquiries - please quote property ID 27246.
Coastal pasta restaurant located in the main area of Torquay for sale
* Amazing location in centre of town
* Fully fitted out with beautiful interior design
* Established for 5 years
* Equipment owned and in excellent working order
* Currently run under full management
* Long and very reasonable lease in place with great landlords
* Main focus is on dine-in customers with excellent takeaway trade too
* Currently open only 5 nights with the potential to open more nights and lunches
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Property Details for 8 Pearl St, Torquay

Building Type
Commercial

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About Torquay 3228

The size of Torquay is approximately 34.5 square kilometres. It has 24 parks covering nearly 13.6% of total area. The population of Torquay in 2011 was 10,141 people. By 2016 the population was 13,268 showing a population growth of 30.8% in the area during that time. The predominant age group in Torquay is 0-9 years. Households in Torquay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 72% of the homes in Torquay were owner-occupied compared with 73.4% in 2016.

Torquay has 11,120 properties. Over the last 5 years, Houses in Torquay have seen a 41.57% increase in median value, while Units have seen a 23.32% increase. As at 30 November 2024:

  • The median value for Houses in Torquay is $1,249,213 while the median value for Units is $878,631.
  • Houses have a median rent of $670 while Units have a median rent of $600.
There are currently 19 properties listed for sale, and no properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Torquay.

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