381-382 Esplanade,
Torquay, QLD 4655
Shops & Retail • Offices • Medical & Consulting
Price information
Sale - Expression of Interest
EOI Closing 9th July at 4pm (AEST)
Key property information
Land area
Floor area
Car spaces
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$229,693
Number of Tenants
4 Tenants
Private inspections
to arrange a private inspection.
RWC Retail
level 26/111 Eagle StreetBRISBANE CITY, QLD 4000
381-382 Esplanade
Torquay, QLD 4655
Map of 381-382 Esplanade
Bus stops within 5 km of 381-382 Esplanade, Torquay, QLD 4655 Distance Esplanade Near Denmans Camp Rd 101 m Denmans Camp Road Near Totness St 388 m Torquay Tce at Torquay State School 418 m Denmans Camp Rd at Sen Citzens Ctr 425 m Torquay Rd at Backpackers 428 m POWERED BY HERE ©
POWERED BY HERE ©
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
|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
Explore property virtually
Virtual tours
If you'd like to inspect this property in person, please to arrange a private inspection.
Additional information
External websites
Property ID: 504611972Last Updated: 10 Jul 2024
RWC Retaillevel 26/111 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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