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Foodworks & Subway, Lots 1 & 2/430 Esplanade, TORQUAY, QLD, 4655

2. Property Highlights

Two Prime Beachfront Retail Shops
  • Foodworks - 10 yr lease to 2029
  • Subway - 5yr + 5 yr lease
  • Tenants established over 10 years

+ Foodworks: 10 years to 2029 plus options to 2039

+ Net Income: $113,639 pa + GST

+ Subway: 5 years to 2023 plus options to 2033

+ Net Income: $51,033 pa + GST

+ Both tenants established in this location for over 10 years

+ Fixed 3% annual rent increases

+ Rear access, 37 on-site car spaces

+ Busy retail tourism strip opposite beach

+ Hervey Bay: fastest growing seaside city in regional QLD, 3 hours from Brisbane. Trade catchment 107,000+ and 4.3 million visitors annually

NOTE: Foodworks and Subway to be sold individually

For Sale by Investment Portfolio Auction

11am (AEST) Wednesday 29 September 2021

Venue: Crystalbrook Vincent Hotel, 5 Boundary Street, 'Howard Smith Wharves' Brisbane

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

Foodworks & Subway, Lots 1 & 2/430 Esplanade, TORQUAY, QLD, 4655

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4. Due Diligence

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Foodworks & Subway, Lots 1 & 2/430 Esplanade, TORQUAY, QLD, 4655 Torquay
Burgess Rawson - Queensland
Burgess Rawson - Queensland
Level 12, 127 Creek Street, Brisbane City QLD 4000
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