1 Esplanade Orford TAS 7190
Property Details for 1 Esplanade, Orford
Last Listing description (April 2025)
Elders is excited to offer the freehold of 1 Esplanade, Orford to the market for sale. This high return 2 level commercial & residential dwelling building comes to market for the first time in 10 years and is sure to attract a lot of interest.
INSPECTIONS BY APPOINTMENT ONLY WITH AGENT
The property comprises 154 m2 ground floor restaurant currently operating as 'Scorchers Pizza & Bistro' with kerbside al fresco dining and a 50-seat internal dining room. Upstairs the 52 m2 flat comprises 2 x double bedrooms plus either a single bedroom, or office with a kitchen, laundry, bathroom and an expansive outside deck overlooking the Prosser River.
The restaurant is currently leased until September 30, 2027 and offers strong monthly returns with the upstairs unit currently leased on a monthly basis. This unit also offers the prospective buyers the opportunity to continue leasing the unit out, operating it as an Airbnb (STCA) or as a great weekender.
Located in the heart of the very popular and growing Orford township this in one of only a few commercial properties available. Within walking distance to the many Airbnb's, holiday rentals, holiday homes and Orford Blue Hotel & accommodation Scorchers sits in the hub of the bustling Orford retail and hospitality precinct.
1 Esplanade, Orford is for sale by Expressions of Interest closing Friday, February 14, 2025, at 4pm (AEDT).
Please contact Greg who lives and works in the Orford/Spring Beach for further information or an Information Memorandum.
Property History for 1 Esplanade, Orford, TAS 7190
- 11 Mar 2025Sold for $875,000
- 08 Jan 2025Listed for Sale Expressions of Interest
- 28 Jan 2022Listed for Rent $450 / week
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0About Orford 7190
The size of Orford is approximately 35.6 square kilometres. It has 12 parks covering nearly 21.9% of total area. The population of Orford in 2016 was 626 people. By 2021 the population was 685 showing a population growth of 9.4% in the area during that time. The predominant age group in Orford is 60-69 years. Households in Orford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Orford work in a trades occupation.In 2021, 80.60% of the homes in Orford were owner-occupied compared with 78.80% in 2016.
Orford has 1,210 properties. Over the last 5 years, Houses in Orford have seen a 53.34% increase in median value, while Units have seen a 16.60% increase. As at 31 December 2025:
- The median value for Houses in Orford is $555,548 while the median value for Units is $335,278.
- Houses have a median rent of $455.
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