Business & Pleasure Opportunity – Beachfront Retail Investment with Stunning Residence

430 esplanade, torquay qld

Price on Request

  • Renewed 5 year lease to Subway
  • Foodworks lease + options to 2030
  • Retail + residential investment

Property Details

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
10 Year lease to Foodworks plus options to 2030 - 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: $194,335 pa + GST (assuming fully leased including residence)

For sale via Auction to be held at 11.00 am AEDT, Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 1242 sqm
Land Size 1,763 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: QLD000607

Thank you for showing interest in us.

Contact Details

Office Details

Level 24, 324 Queen Street, Brisbane QLD 4001

T 07 3220 3611 E brisbane@burgessrawson.com.au

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