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Retail
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470 Charlton Esplanade, TORQUAY (Hervey Bay) QLD
Charlton Esplanade, Torquay
Auction: Monday, 14 September 2020
POA
Price
416sqm
Size
retail
Description
- Yield Expectations 7% PLUS - Prime corner site opposite the beach in the heart of Hervey Bay tourism precinct - Multi-storey zoning for apartments and retail - New 5 year lease to iconic Italian restaurant (No. 1 Tripadvisor) established for over 20 years plus 2 other tenancies. - Land area 761 sqm - Building Area 416 sqm - Tenants pay outgoings as per the lease - D.A. approval to build 2 townhouses at the rear - Current Net Income $108,915 net p.a. (plus GST) For Sale via Auction to be held from 11am AEDT, Tuesday 15 September 2020 Doltone House, 181 Elizabeth Street, Sydney as well as online in offices nationally