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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 11,069 properties. Over the last 5 years, Houses in Torquay have seen a 51.97% increase in median value, while Units have seen a 34.98% increase. As at 30 September 2024:

  • The median value for Houses in Torquay is $1,274,280 while the median value for Units is $882,722.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 19 properties listed for sale, and 2 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 370 properties were sold in the past 12 months in Torquay.

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