RWC Retail are proud to present 381-382 Esplanade, Torquay (Hervey Bay) for sale via Expressions of Interest closing Tuesday 9th July at 4pm (AEST). |What| • A multi-tenanted beachfront retail centre with 4 tenancies • Leased to three well-established and popular retail & commercial tenants on very affordable base rents ($256/sqm* - $440/sqm*) • Inflation resistant CPI annual reviews for all tenants • 31 on-site parking bays, providing a generous ratio of 1:28sqm* • 2.09 Year WALE (by income) • Estimated Fully Leased Income of $229,693 + GST p.a. |Where| • Situated on a 2,015sqm* beachfront corner land parcel in the heart of the booming Hervey Bay region, 50 minutes flight North of Brisbane • Just 500m* from the proposed $445 million Sheraton Hervey Bay Hotel, set to be the largest and most luxurious new hotel between Brisbane and Cairns • Part of the broader Fraser Coast region, home to over 117,000 people • Ranked 3rd of all regional Australian cities in 2022 for net migration growth |Why| • Underpinned by popular Seafood & Japanese restaurants, and supported by national bookkeepers First Class Accounts • Immediate rental reversion upside, with the upcoming vacancy of a 4th tenant on a $165/sqm* base rent • The upcoming vacancy of the 4th tenant provides owner-occupier potential for a 314sqm* two-storey tenancy, ideally suited to retail, healthcare or office • High Density Residential zoning, providing medium to high rise development potential for both residential and short-term accommodation
Email enquiry to RWC Retail
Property ID: 504611972