Business & Pleasure Opportunity – Beachfront Retail Investment with Stunning Residence

430 Esplanade, Torquay QLD

Property Highlights

Renewed 5 year lease to Subway

Renewed 10 year lease to Foodworks

Retail + residential investment

Description

Rare offering of prime retail investment combined with an impressive 2nd level residence of 1st class quality
Renewed 5 year lease to Subway with fixed 3% rent increases
Renewed 10 year lease to Foodworks plus options to 2039 – fixed 3% increases
Quality solid brick construction
Massive 1,763 sqm site with rear street access and 30 on-site car parks
Potential multi-storey future re-development
The residence has ducted air conditioning, 6 beds, 4 baths, 3 living areas, huge 115 sqm tiled deck overlooking Hervey Bay beach and foreshore parkland
Designed to be split into two residences with separate entries
Opportunity for the perfect holiday home and retail investment combined
Net Income: $199,785 pa + GST

For sale via online Auction commencing Monday 1 July 2019 and closing 2pm Thursday 4 July 2019. Contact Agent for details and registration forms. AuctionWorks Property Auction Link: https://www.auctionworksonline.net.au/properties/577-430-charlton-esplanade-hervey-bay-4655-qld-australia.html

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,763 SQM
Gross Building Area
1,242 SQM

Contact Agents

Glenn Conridge

0413 873 337

Adam Thomas

0418 998 971

Request Information

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