SOLD
Sold on 20 Mar 2024 for $1,850,000

16 Bideford Street
Torquay QLD 4655

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 110m2
Land area: 847m2
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Property Details for 16 Bideford St, Torquay

Building Type
Commercial
Floor Size
110m2
Land Size
847m2
Local Government
Fraser Coast Regional
Lot/Plan
6/RP43390

Last Listing description (November 2023)

Located on the corner of Bideford Street and Truro Street in Torquay is this fantastic investment opportunity - a freehold retail/food complex fully tenanted with 6 well established, long term tenants in place.

Just a short walk to Hervey Bay's Esplanade and beaches, and directly opposite Hervey Bay's brand new mini golf centre, this 847m2 site is located in the High Density Residential Tourism node and has a net lettable area of 643m2.

Priced for sale at $2.1 million (going concern) and a net return of 6.69%, this property won't last long!

Call Century 21 Commercial Hervey Bay now for a property report on 07 4124 0224.

Property History for 16 Bideford St, Torquay, QLD 4655

A timeline of how this property has performed in the market
Last Sold
$1,850,000
20 Mar 2024
Listed for Rent
$422/w
08 Apr 2019
  • 20 Mar 2024
    Sold for $1,850,000
  • 14 Nov 2023
    Listed for Sale $2,100,000 going concern
  • 14 Mar 2022
    Listed for Rent $20,020 / year
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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 3,595 properties. Over the last 5 years, Houses in Torquay have seen a 86.46% increase in median value, while Units have seen a 102.27% increase. As at 31 October 2024:

  • The median value for Houses in Torquay is $646,130 while the median value for Units is $503,178.
  • Houses have a median rent of $500 while Units have a median rent of $465.
There are currently 48 properties listed for sale, and 21 properties listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 214 properties were sold in the past 12 months in Torquay.

Suburb Insights for Torquay 4655

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.