Unit 3/111 Hill Street West Hobart TAS 7000

This high quality, simple and affordable retail investment has it all.

It occupies a high-profile corner position within the tightly held Hill Street precinct of the popular inner-city locality of West Hobart. It is situated opposite the Smolt Kitchen café/restaurant, and along the road from the upmarket Hill Street grocer.

The property has a long trading history as a chemist, and currently operates as "TerryWhite Chemmart" and has approximately 5.8 years remaining on a 10 year lease plus 2 further 5 year options. The current Net Rental is $55,190* pa + GST.

The property is very well presented and is complimented by one off-street car park on title, as well as ample on-site car parking plus upgraded street scape with angled parking and pedestrian crossing adjacent.

This quality retail asset ticks all of the boxes and is one to be seriously considered.

The property is for sale via Expressions of Interest closing Thursday, 4th April 2024.

*Approximately