414 Esplanade Torquay QLD 4655

- 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

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