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381-382 Esplanade, Torquay, QLD, 4655
Torquay
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
Remember to mention you found this property on CommercialReady
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
Remember to mention you found this property on CommercialReady
381-382 Esplanade, Torquay, QLD, 4655
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
External Link 1 
