Property Details for 427 Esplanade, Torquay
427 Esplanade, Torquay is a 4 bedroom, 2 bathroom House with 3 parking spaces.
Last Listing description (November 2021)
Under Contract / Unconditional
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.
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
Property History for 427 Esplanade, Torquay, QLD 4655
- 12 Oct 2021Sold for $1,800,000
- 20 Aug 2021Listed for Sale Under Contract $1,950,000- Plus GST if applicable
Recent sales nearby
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About Torquay 4655
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 3,661 properties. Over the last 5 years, Houses in Torquay have seen a 94.68% increase in median value, while Units have seen a 124.01% increase. As at 31 December 2025:
- The median value for Houses in Torquay is $755,756 while the median value for Units is $589,686.
- Houses have a median rent of $565 while Units have a median rent of $500.
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