Two Prime Beachfront Retail Shops

Description

Foodworks: 10 years to 2029 plus options to 2039
Net income: $113,639*pa + GST
Subway: 5 years to 2023 plus options to 2033
Net income: $51,033*pa + GST

  • Both tenants established in this location for over 10 years
  • Fixed 3% annual rent increases
  • Rear access with 37 on-site car spaces
  • Busy retail tourism strip opposite beach and fronting the Esplanade
  • Hervey Bay: fastest growing seaside city in regional QLD, 3 hours from Brisbane
  • Trade catchment 107,000+ and 4.3* million visitors annually
  • NOTE: Foodworks and Subway sold individually

*Approximate

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  • Address: 430 Esplanade, Torquay (Hervey Bay) QLD
  • State/county: Queensland
  • Zip/Postal Code: 4655
  • Area: Fraser Coast

Details

Updated on September 8, 2023 at 2:00 am
  • Property ID CECI-3099
  • Property Type Retail
  • Property Status Sold

Contact Information

Glenn Conridge
Sue Conridge

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All figures and site boundaries are approximate. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries and obtain their own independent advice, in order to verify the information.