Description
Significant Beachfront Trophy Investment – Deceased Estate - Substantial 8,915 sqm Site
Retail Sold - Torquay QLD
– “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 Features
- Retail
- Land is 8,915 m²
- Floor Area is 4,422 m²
Commercial Features
Highlight 1
Substantial 8,915 Beachfront Site
Highlight 2
Includes National Tenants
Highlight 3
4,422 NLA - 100% Leased
