1/383 Esplanade, Torquay is a 0 bedroom, 0 bathroom Unit with 11 parking spaces and was built in 1987. The property has a land size of 172m2 and floor size of 172m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
On Hervey Bay's busiest and most exclusive thoroughfare, the Esplanade, just metres from the beach, there exists an opportunity to purchase one of the newest, chicest, and most modern businesses on the Fraser Coast, Tannins at Torquay. An opportunity exists to purchase either the Freehold and the Business, or just the Business alone, with sale by Vendor terms being considered - the couple who operate this establishment have had fun setting up this profitable business, but would now like to move onto a new project.
The business occupies 158 sq. m. of freehold shop space fronted by a 107sq. m. courtyard that is leased for 99 years until 2088, at no extra cost. Inside is a very open and well-designed restaurant space, flooded with natural light. It is beautifully decorated throughout, with a professional fit-out and contemporary atmosphere. Over the courtyard, there is a new and fully-approved patio awning, built to exact and high level specifications that provides full shade for all people eating outdoors. The venue is newly refitted throughout, with full commercial kitchen, and seating area both internally and externally, seating approximately 110 patrons. The venue is fully licensed, and has a complete bar.
For all enquiries on this property, please contact the Listing Agent.
The size of Torquay is approximately 4.3 square kilometres. There are 15 parks, covering nearly 13.0% of the total area. The population of Torquay in 2016 was 6316 people. By 2021 the population was 6533 showing a population growth of 3.4% in the area during that time. The predominant age group in Torquay is 70-79 years. Households in Torquay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Torquay work in a community and personal service occupation.In 2021, 57.10% of the homes in Torquay were owner-occupied compared with 53.20% in 2016.
Torquay has 3,719 properties. Over the last 5 years, Houses in Torquay have seen a 84.08% increase in median value, while Units have seen a 112.03% increase. As at 30 June 2026:
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