Significant Beachfront Trophy Investment – Deceased Estate – Substantial 8,915 sqm Site

414 Esplanade, Torquay QLD

Property Highlights

Substantial 8,915 Beachfront Site
Includes National Tenants
4,422 NLA - 100% Leased

Description

– “The Quay” comprising 414-417 Esplanade and 138 Freshwater Street – situated in a prime beachfront location in the heart of the Hervey Bay tourism precinct
– Substantial 8,915 sqm site made up of 3 x separately titled adjoining lots
– Combined street frontage of over 80 metres to the popular Esplanade and rear frontage to Freshwater Street of over 100 metres
– 100% Leased to 21 retail tenancies, mostly 5+ year terms
– Retailers include Betta Home Living (HQ), Australia Post, NDIS (Fed. Govt.), medical, cafes, restaurants, wine bar and others
– Net lettable area of 4,422 sqm
– Prized high density tourism zoning with potential to 8 storeys (STCA)
– The property has been held for over 50+ years by one family
– Hervey Bay:the fastest growing seaside city in regional Queensland and only 3 hours’ drive north of Brisbane
– Approximately 80 on-grade lined car parking spaces on the combined properties
– Net Income $703,822 pa + GST (Excl. Land Tax)

Auction: 11am AEDT, Tuesday 8 December 2020
Venue: Yallamundi Rooms, Sydney Opera House

This property is being sold by auction, or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
8,915 SQM
Building Area
4,422 SQM

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