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Hervey Bay - Premium Freestanding Officeworks - Strategic Retail Precinct

46 Torquay Road Hervey Bay QLD 4655

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Auction Current
Investments
Investment
Property No.

Attributes and Features

Building Area 1916 sqm
Land Area 4137 sqm
Parking 46 onsite car parks
Last Updated Oct 15, 2020
Status Current

Cushman & Wakefield is pleased to present to the market 46 Torquay Road, Hervey Bay for Sale via Auction.

The property has the following key characteristics:

  • Renewed 6 year lease to 2025 + options
  • Officeworks Ltd - Wholly owned Subsidiary of ASX listed Wesfarmers Ltd with Revenues of $30.8 Billion
  • Tenant experiencing significant sales growth of 27.8% for the first 5 mths of 2020 - 167 stores nationally
  • Purpose built for Officeworks in 2009 offering a modern 1,916 sqm building & 46 car parks
  • Epicentre of key retail precinct near Woolworths, Coles, Bunnings, Big W, BWS, McDonald’s & Hungry Jack’s
  • Torquay Road - Busy thoroughfare linking Hervey Bay’s Esplanade to Boat Harbour Drive
  • Hervey Bay - World renowned tourist destination & commercial hub of Fraser Coast region, trade catchment 107,000+ & 4.3 million visitors annually
  • Minimum 2.5% annual rent increases
  • Net Income $352,515 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 5 November at 12 noon AEDT at Doltone House Hyde Park, located on 3/181 Elizabeth Street, Sydney NSW.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

Hervey Bay - Premium Freestanding Officeworks - Strategic Retail Precinct46 Torquay RoadHervey Bay, QLD 4655
46 Torquay Road Hervey Bay QLD 4655