Located on the corner of Bideford Street and Truro Street in Torquay is this fantastic investment opportunity - a freehold retail/food complex fully tenanted with 6 well established, long term tenants in place.
Just a short walk to Hervey Bay's Esplanade and beaches, and directly opposite Hervey Bay's brand new mini golf centre, this 847m2 site is located in the High Density Residential Tourism node and has a net lettable area of 643m2.
Priced for sale at $2.1 million (going concern) and a net return of 6.69%, this property won't last long!
Call Century 21 Commercial Hervey Bay now for a property report on 07 4124 0224.
The size of Torquay is approximately 4.3 square kilometres. It has 15 parks covering nearly 13.0% of 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 3,695 properties. Over the last 5 years, Houses in Torquay have seen a 92.60% increase in median value, while Units have seen a 112.80% increase. As at 31 March 2026:
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