535 Sandy Bay Road Sandy Bay TAS 7005

Shop & Retail
502 m²
Expressions of Interest

Rare Sandy Bay conversion opportunity - leased to ASX listed tenant

Superb, high profile location
Attractive triple net lease - ASX tenant
Holding income: $70,000 + outgoings +GST

We are pleased to offer for sale, this superbly located, tenanted investment with future re-development capabilities, situated in Sandy Bay's 'Golden Mile'.

The 'Telstra Exchange' 535 Sandy Bay Road, is located approximately 3.5km South-east of Hobart's city centre, within the prestigious bayside residential suburb of Sandy Bay. The surrounding properties include a mix of residential, commerical, early learning childcare and private schools.

The property is currently occupied by ASX listed tenant - Telstra Corporation Ltd, who will leaseback the property for $70,000 + all outgoings + GST on a minimum 2.5 year term.

The property provides an outstanding opportunity for future redevelopment for either residential conversion, commercial or Hospitality (STCA).

EXPRESSION OF INTEREST

Closing date and time	07/03/2024 16:00
Recipient name	Ask Agent
Delivery address	Ask Agent

Property Highlights

Floor Area	502 m²
Land Area	988 m²
Parking	Ask Agent
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019037346
Category	Shop & Retail Development / Land Offices
Last updated	8 Apr 2024

Map for 535 Sandy Bay Road Sandy Bay TAS 7005

Property Highlights

Floor Area	502 m²
Land Area	988 m²
Parking	Ask Agent
Annual Return	Ask Agent
Availability	Tenanted
Property ID	2019037346
Category	Shop & Retail Development / Land Offices
Last updated	8 Apr 2024