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

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.