16 Pearl StreetTorquay VIC 3228
Property Details for 16 Pearl St, Torquay
Last Listing description (September 2023)
Located in the strip shops of Pearl Street, opposite a brand new retail and office development, this 55 sqm shop with large window display area and parking directly out the front, offers so much potential.
Open office/ showroom or retail space, the shop also hosts kitchenette and bathroom as well as a courtyard to rear on site.
Property History for 16 Pearl St, Torquay, VIC 3228
- 19 Apr 2024Sold for $605,000
- 07 Mar 2023Listed for Rent $27,500 / year
- 27 Aug 2019Sold for $536,000
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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 11,031 properties. Over the last 5 years, Houses in Torquay have seen a 45.39% increase in median value, while Units have seen a 22.73% increase. As at 31 October 2024:
- The median value for Houses in Torquay is $1,238,249 while the median value for Units is $867,993.
- Houses have a median rent of $650 while Units have a median rent of $600.
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