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SOLD - Hervey Bay - Premium Freestanding Officeworks - Strategic Retail Precinct

46 Torquay Road Hervey Bay QLD 4655

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Key Property Highlights

Building Area 1916 sqm
Land Area 4137 sqm
Parking 46 onsite car parks
Listing Status Sold

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

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 months 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 $348,204 pa + GST

For more information please contact the exclusive property professionals at Cushman & Wakefield.

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