431 Esplanade Torquay QLD 4655
Property Details for 431 Esplanade, Torquay
Last Listing description (June 2024)
Beach front commercial property with great exposure & ocean views in one of the best locations in Hervey Bay!
Offering a fantastic opportunity to purchase a quality commercial building, 431 Esplanade and 20 Campbell Street in Torquay offers 2 commercial shops and a residential three bedroom property backing onto Campbell Street, whilst being located only metres away from shopping, cafes, pubs, restaurants, parks & bikeways.
Hervey Bay is one of the fastest growing sea side cities in regional Queensland, only 3 hours drive north of Brisbane.
431 Esplanade - Torquay
Title: L1 RP102412
Existing Use: Retail
Zoned: High Density Residential
Land Size: 1,012m2
Commercial Dwelling: 450m2
20 Campbell Street - Torquay
Title: L2 RP102412
Existing Use: Residential
Zoned: High Density Residential
Land Size: 766m2
House Dwelling: 190m2
For further information regarding net return, lease agreements, ingoings & outgoings please contact Jacob Cullen
Property History for 431 Esplanade, Torquay, QLD 4655
- 29 Jan 2024Sold for $1,350,000
- 24 Jan 2023Listed for Sale 2.45 Million
- 20 Sep 1985Sold for $51,000
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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.
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