434 Charlton Esplanade,
Torquay, QLD 4655

Shops & Retail • Offices

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 434 Charlton Esplanade

Directions

Affordable Investment on the Hervey Bay Beachfront. Huge Potential for Multi Storey Development.

Prime beachfront freehold corner
Occupied for over 20 years
Potential high rise development (STCA)

- Prime beachfront reserve freehold corner property overlooking Hervey Bay
- Occupied for over 20 years by iconic famous local restaurant leased with options to 2024
- Adjoining shop leased to Modern Real Estate with option to 2021
- First floor comprises 4 bedroom residence with filtered ocean views
- Located in High Density Development Precinct HDR1 (Hervey Bay tourism nodes)
- Potential high rise mixed commercial residential development to 6 storeys (STCA)
- Site area of 367 sqm, building area of 349 sqm
- On-site secured lock up garaging
- Tenants pay outgoings as per lease
- Net Income: $57,941.17 pa + GST

Auction 11am Tuesday 16 May 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Torquay, 4655 demographic data

The median household income for Torquay is $917, 39% lower than Regional Queensland's household income of $1,507. Torquay has an older age profile compared to the rest of Regional Queensland (median age 55 vs 41). Property ownership data shows 28% of property owners in Torquay have a mortgage.

6,533

Population

$917 per week

Median household income

55 years

Median age

Owners

Most residents

Families

Most households

07 3220 36...