A rare opportunity has emerged in the heart of Torquay, Victoria, Australia’s surfing capital, with a major development opportunity listed by Shaun Venables, Darren Beehag, Romanor Falconer, and Hamish Bowen from Burgess Rawson.
Located at 18-20 & 22 Bristol Road and 1A Fischer Street, this high-profile 2,805sqm corner landholding is being offered for sale via an Expressions of Interest campaign closing May 21. It is expected to achieve around $3,000 per square metre.
The property consists of three freehold titles, each leased to established tenants including Petstock, Natural Real Estate, and Women’s Health Torquay, providing a steady stream of short-term holding income of close to $220,000 per annum. These flexible leases offer the perfect opportunity for an incoming owner to secure immediate returns while exploring the extensive development potential the site holds.
Strategically positioned in the commercial heart of Torquay, this landholding benefits from its proximity to major retail landmarks. The property sits immediately central to both Woolworths and Coles supermarkets, as well as being moments from Torquay’s tightly held retail strips and The Esplanade, ensuring high visibility and ease of access. With 70 metres of dual frontage, the site is well-placed for a variety of commercial uses and potential multi-level development opportunities.
Mr Venables said Torquay, where world famous surf labels Rip Curl and Quiksilver were founded and are headquartered, has experienced rapid growth in recent years growing from a strong coastal town to a satellite suburb of Greater Geelong.
“The town’s permanent population is nearing 30,000, while the broader Surf Coast catchment area has expanded to around 40,000. This number swells significantly during key tourist periods, particularly over school holidays and during the World Surf League’s Rip Curl Pro at nearby Bells Beach. This seasonal population reportedly triples in these peak periods and adds a significant boost to local demand, making it an even more attractive area for development.”
The property is zoned Commercial 1, which allows for a wide range of uses and, subject to council approval (STCA), offers potential for multi-level mixed-use development. The combination of its location, zoning, and income-producing leases positions it as an ideal site for a variety of future projects, whether retail, residential, or a combination of both.
Mr Venables said this is likely one of the last opportunities to acquire a premium Commercial 1 zoned development in Torquay’s traditional centre where the major supermarkets have positioned themselves and the tourist surges are focused in peak periods.
“A strategic position between the two major supermarkets is considered by developers as being in the ‘goldilocks zone’, and together with being in the heart of Torquay’s tourist focus makes this property a truly unique and pretty special offering.”
The property is part of Burgess Rawson’s highly anticipated SELECT Portfolio, launched this week — a meticulously curated EOI platform providing vendors and buyers direct access to some of Australia’s most sought-after commercial property opportunities.
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