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About this property
AUCTION: Friday 9th February 2024 @ 11am On Site Discover the unparalleled potential of this vacant commercial 441m2 (approx.) allotment, strategically located just steps away from Torquay's picturesque esplanade. With 2 Titles and situated in a vibrant Gilbert Street shopping precinct, this property offers a once in a lifetime opportunity for savvy investors and entrepreneurs alike. With mixed-use zoning, unlock the full potential of this property with its Commercial One zoning, allowing for a myriad of development options. Build a combination of residential living spaces on the upper levels, offering the potential of breathtaking coastal views, while utilizing street-level space for commercial ventures. Whether you envision a boutique residence with commercial spaces below or wish to establish your business in a thriving coastal location, this allotment caters to diverse development ideas. The freedom to design and create is yours! Join the Gilbert Street shopping precinct, a thriving hub of commerce and community activity. Benefit from excellent foot traffic and position your business in an area known for its vibrancy and local charm. Seize the chance to shape your vision in one of Torquay's most coveted locations. Whether you're an astute investor, a visionary developer, or an aspiring business owner, this vacant commercial allotment is a canvas waiting for your masterpiece. Don't miss out on this rare opportunity to make your mark in the heart of Torquay's bustling community. Act now and turn your dreams into reality!
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 441 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Torquay
This land in Torquay, VIC 3228 sits within reach of public transport, local shops and nearby schools.
Schools near Torquay
- Lisieux Catholic Primary Schoolprimary · Prep-6 · CoEd
- St Therese Schoolprimary · Prep-6 · CoEd
- Torquay Coast Primary Schoolprimary · Prep-6 · CoEd
- Torquay P-6 Collegeprimary · Prep-6 · CoEd
- Surf Coast Secondary Collegesecondary · 7-12 · CoEd
What's nearby
- Unnamed (bus) — 1.0 km away
- Lochard Drive Convenience Store — 1.7 km away
- Deep Creek Nature Reserve — 1.5 km away
- Unnamed — 2.1 km away
- Unnamed — 2.3 km away
Torquay at a glance
Full suburb profile- Population
- 18,534
- Median age
- 39
- Household income
- $2,295/wk
- Median rent
- $500/wk
- Median mortgage
- $2,167/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Torquay price trend
Median sold · House 4 bed
Compound growth -2.0% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Torquay marketSide-by-side analysis
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