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381-382 Esplanade
Torquay QLD 4655
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Sold on 9 Aug 2024

381-382 Esplanade Torquay QLD 4655

  • Shop & Retail
  • 939 m²
  • Sold

Beachfront Retail Centre with Upside

    RWC Retail are proud to present 381-382 Esplanade, Torquay (Hervey Bay) for sale $3,500,000 (6.6%)

    |What|
    • A multi-tenanted beachfront retail centre with 4 tenancies
    • Leased to three well-established and popular retail & commercial tenants on very affordable base rents ($256/sqm* - $440/sqm*)
    • Inflation resistant CPI annual reviews for all tenants
    • 31 on-site parking bays, providing a generous ratio of 1:28sqm*
    • 2.09 Year WALE (by income)
    • Estimated Fully Leased Income of $229,693 + GST p.a.

    |Where|
    • Situated on a 2,015sqm* beachfront corner land parcel in the heart of the booming Hervey Bay region, 50 minutes flight North of Brisbane
    • Just 500m* from the proposed $445 million Sheraton Hervey Bay Hotel, set to be the largest and most luxurious new hotel between Brisbane and Cairns
    • Part of the broader Fraser Coast region, home to over 117,000 people
    • Ranked 3rd of all regional Australian cities in 2022 for net migration growth

    |Why|
    • Underpinned by popular Seafood & Japanese restaurants, and supported by national bookkeepers First Class Accounts
    • Immediate rental reversion upside, with the upcoming vacancy of a 4th tenant on a $165/sqm* base rent.
    • The upcoming vacancy of the 4th tenant provides owner-occupier potential for a 314sqm* two-storey tenancy, ideally suited to retail, healthcare or office
    • High Density Residential zoning, providing medium to high rise development potential for both residential and short-term accommodation

    RWC Retail
    RWC Retail
    Level 26/111 Eagle St
    Brisbane City, QLD 4000

    Property Highlights

    Date Sold9 Aug 2024
    Floor Area939 m²
    Land Area2,015 m²
    Energy0-star NABERS Energy rating
    Parking31 x Onsite parkings
    Virtual TourView Tour
    Property ID2019297695
    Category
    Last updated  17 Sep 2024
    Map for 381-382 Esplanade Torquay QLD 4655
    RWC Retail
    RWC Retail
    Level 26/111 Eagle St
    Brisbane City, QLD 4000

    Property Highlights

    Date Sold9 Aug 2024
    Floor Area939 m²
    Land Area2,015 m²
    Energy0-star NABERS Energy rating
    Parking31 x Onsite parkings
    Virtual TourView Tour
    Property ID2019297695
    Category
    Last updated  17 Sep 2024

    More about 381-382 Esplanade Torquay QLD 4655

    381-382 Esplanade Torquay QLD 4655 is categorized as Shop & Retail Property. It has a floor area of 939 m² and a land area of 2,015 m². There are 31 x onsite parkings.The listing ID for this property is 2019297695.

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