427 Esplanade, Torquay QLD 4655

Don't miss this rare opportunity to purchase this unique property offering three shop front units and four residential units on the Esplanade in the beautiful bayside suburb of Torquay – Hervey Bay!

Features: 845m2 esplanade front property zoned mixed-use with three commercial shop front spaces offering massive street exposure on a thriving shopping strip in the popular bayside suburb of Torquay, Hervey Bay Queensland 4655.

This unique property offers future development potential in a prime lifestyle location/destination.
Whether seeking a lifestyle change where you can combine the ‘good life’ with managing an income-producing commercial property or looking for an investment in a prime location with future development opportunities in Queensland’s vibrant Fraser Coast, this is “THE” opportunity of 2021!

Located on an 845m2 allotment on the beautiful Esplanade in the bayside suburb of Torquay – this truly is a shining example of ‘location, location, location’.

Currently, two of the three shop fronts are tenanted by a long-established Ice Creamery and the remaining shop front is tenanted by a popular Pizza business with lease terms available upon request.
There is a two-story, four-unit complex behind the shops, which has recently been repainted and refurbished. Three of the four units are tenanted with long term tenants in place currently. The fourth unit could be let out or used by the new owner as their home while supplementing their income. The seller has also arranged for a new carport structure to be erected to the rear of the units offering four car spaces.

Hervey Bay is a thriving seaside lifestyle and holiday destination, particularly in the busy whale-watching season, and is the gateway to World Heritage-listed K’gari - Fraser Island. It is a wonderful place to live and invest and has been really surging ahead this year. It's North facing waterfront esplanade links the city marina with beaches offering calm waters with a sub-tropical temperate climate for swimming all year round.

This property offers an income with growth potential that could be transformed and evolve over time. With so many new and exciting projects currently proposed and underway – there has never been a better time to invest in Hervey Bay as the region expands!

Opportunities to secure a property like this just don’t become available very often – so here is your opportunity!

Contact our team now to arrange your private inspection or Facetime walk-though and more information – You will only be disappointed if you miss this one …

DISCLAIMER: Whilst every effort has been made to ensure the accuracy and thoroughness of the information provided to you in our marketing material, we cannot guarantee the accuracy of the information provided by our vendors, and as such, Mitchells Realty makes no statement, representation or warranty, and assumes no legal liability in relation to the accuracy of the information provided.

Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only for marketing purposes.

Due to the currently COVID-19 situation, for the health and safety of all concerned, we ask everyone attending inspections or open homes to wash their hands with sanitiser, which we will make available. Where possible, we ask everyone attending an inspection or open home to not touch any surfaces or fixtures unnecessarily.

We appreciate your co-operation - Regards Scott & Katrina Mitchell