SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Beachfront Investment – Multi-Storey Potential

470 Charlton Esplanade, Torquay QLD

Property Highlights

Yield Expectation 7% Plus
Absolute Beachfront
Multi-Storey Zoning

Description

– Yield Expectations 7% PLUS
– Prime corner site opposite the beach in the heart of Hervey Bay tourism precinct
– Multi-storey zoning for apartments and retail
– New 5 year lease to iconic Italian restaurant (No. 1 Tripadvisor) established for over 20 years plus 2 other tenancies.
– Land area 761 sqm
– Building Area 416 sqm
– Tenants pay outgoings as per the lease
– D.A. approval to build 2 townhouses at the rear
– Current Net Income $108,915 net p.a. (plus GST)

For Sale via Auction to be held from 11am AEDT, Tuesday 15 September 2020
Doltone House, 181 Elizabeth Street, Sydney as well as online in offices nationally

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
761 SQM
Building Area
416 SQM

Contact Agents

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