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For Sale | Development Investment Property

Outstanding development opportunity with holding income in the thriving surf coast

51-53 Surf Coast Highway
Torquay, Victoria 3228
Australia
Inquire About This Property
Lot Size (SQM):
1463

Cushman & Wakefield is now proud to present for private sale 51-53 Surf Coast Highway, Torquay: • 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) • 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 To arrange a private inspection please contact Cushman & Wakefield, the exclusive selling agent: Lukas Byrns | 0423 791 126 | lukas.byrns@cushwake.com Marcus Neill | 0452 405 782 | marcus.neill@cushwake.com *All figures and outlines are approximate - South Western Regional Victoria
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