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381-382 Esplanade, Torquay, QLD, 4655

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381-382 Esplanade, Torquay, QLD, 4655

381-382 Esplanade, Torquay, QLD, 4655

Properties / Buy / Queensland / Torquay
Tenanted Investment

1. Property Summary

Selling Method
EOI
Selling Details
EOI Closing 9th July at 4pm (AEST)
Land Area
2,015 m² (*approx)
Floor Area
939 m² (*approx)
Property Type
Retail, Offices, Child/Healthcare
Sub-type
Office Suites, Mixed Use, Consulting Rooms
Car Spaces
31
Show All

2. Property Highlights

Beachfront Retail Centre with Upside

RWC Retail are proud to present 381-382 Esplanade, Torquay (Hervey Bay) for sale via Expressions of Interest closing Tuesday 9th July at 4pm (AEST).

|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

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment

1. Property Summary

Property Type
Retail, Offices, Child/Healthcare
Sub-type
Office Suites, Mixed Use, Consulting Rooms
Land Area
2,015 m² (*approx)
Floor Area
939 m² (*approx)
Car Spaces
31
Selling Method
EOI
DOCUMENTS AVAILABLE
Gain Access
Selling Details
EOI Closing 9th July at 4pm (AEST)

2. Property Highlights

Beachfront Retail Centre with Upside

RWC Retail are proud to present 381-382 Esplanade, Torquay (Hervey Bay) for sale via Expressions of Interest closing Tuesday 9th July at 4pm (AEST).

|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

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment

4. Property Location

381-382 Esplanade, Torquay, QLD, 4655

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