2 Gilbert StreetTorquay VIC 3228
Property Details for 2 Gilbert St, Torquay
Last Listing description (February 2024)
AUCTION: Friday 9th February 2024 @ 11am - On Site
Discover the unparalleled potential of this vacant commercial 441m2 (approx.) allotment, strategically located just steps away from Torquay's picturesque esplanade. With 2 Titles and situated in a vibrant Gilbert Street shopping precinct, this property offers a once in a lifetime opportunity for savvy investors and entrepreneurs alike.
With mixed-use zoning, unlock the full potential of this property with its Commercial One zoning, allowing for a myriad of development options. Build a combination of residential living spaces on the upper levels, offering the potential of breathtaking coastal views, while utilizing street-level space for commercial ventures.
Whether you envision a boutique residence with commercial spaces below or wish to establish your business in a thriving coastal location, this allotment caters to diverse development ideas. The freedom to design and create is yours! Join the Gilbert Street shopping precinct, a thriving hub of commerce and community activity. Benefit from excellent foot traffic and position your business in an area known for its vibrancy and local charm.
Seize the chance to shape your vision in one of Torquay's most coveted locations. Whether you're an astute investor, a visionary developer, or an aspiring business owner, this vacant commercial allotment is a canvas waiting for your masterpiece.
Don't miss out on this rare opportunity to make your mark in the heart of Torquay's bustling community. Act now and turn your dreams into reality!
Property History for 2 Gilbert St, Torquay, VIC 3228
- 09 Feb 2024Sold for $2,000,000
- 08 Jan 2024Listed for Sale AUCTION - Contact Agent
- 21 May 2016Sold for $1,200,000
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0About 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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