PRIME ESPLANADE INVESTMENT | APPROX. 6.7% NET YIELD
Retail - TORQUAY QLD
Secure an income-producing restaurant property opposite the beachfront, with a new five-year lease through to July 2031.
Leased for a premium seafood restaurant, this ground-floor commercial property delivers $50,000 per annum net plus GST-an approximately 6.7% net yield at the asking price, before acquisition costs.
Set within an established apartment complex, the premises combine generous indoor dining, an outdoor terrace and nine underground carparks in the heart of Torquay’s popular Esplanade precinct.
Key features:
• Lease: 1 August 2026 to 31 July 2031.
• Net rental income: $50,000 per annum plus GST.
• Approximately 172 sqm internal restaurant space.
• Approximately 107 sqm outdoor terrace.
• Nine underground carparks.
• Existing hospitality fit-out and commercial kitchen.
• Prominent position surrounded by dining, accommodation and beachfront amenities.
An appealing opportunity for investors seeking commercial property income in a sought-after coastal location.
Contact Glen Winney on 0417 785 661 or John Bone on 0433 980 948 for the Information Memorandum and inspection arrangements.
Yield is based on the asking price and stated annual net rental income, excludes acquisition costs and is subject to purchaser verification. Property investment only; restaurant business excluded.
