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51-53 Surf Coast Highway, Torquay, VIC 3228
51-53 Surf Coast Highway Torquay VIC 3228
Land & Development
Investment
Property No.
SOLD
Cushman & Wakefield is proud to now present for private sale 51-53 Surf Coast Highway, Torquay:
- Two prime adjoining development sites with a total land area of 1,463sqm*
- Investment or development opportunity, currently under lease to Bells Beach Backpackers
- High profile main road site with potential for a range of multiple uses (STCA)
- Flexible General Residential Zone
- Located 21km* south of Geelong, 103 km* west of Melbourne’s CBD
- Existing building over 3 levels providing short stay accommodation with sea views
- Contains 8 rooms, plus laundry facilities, baggage holding room, communal kitchen, communal lounge and games or recreation room
- Passing net income $90k p.a. (approx.) with the lease due to expire in September 2023
- Prime parcel of land within the booming Surf Coast market
- Capture the shift to coastal living with the Torquay population is growing at 4.70% p.a. (ABS)
- 500m* walking distance to Coles Supermarket and Surf City Retail Plaza
- Nearby attractions and amenity include world famous Bells Beach, Surf World National Museum, Salt Air Spa Retreat, The Sands Torquay Golf Course, RACV Torquay Resort, Great Ocean Road Chocolaterie & Ice Creamery, Torquay College and Bellbrae Estate Vineyard
Lukas Byrns | 0423 791 126 | lukas.byrns@cushwake.com
Marcus Neill | 0452 405 782 | marcus.neill@cushwake.com
*All figures and outlines are approximate