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Food, Beverage & Hospitality business for sale in Sandy Bay

  • Food, Beverage & Hospitality
  • Lot 16/646 Sandy Bay Road Sandy Bay TAS 7005
  • Investment available for $1,600,000

Beach House Retail Investment

- Located in the upmarket suburb of Sandy Bay, 4 km from the Hobart CBD, and only
100 metres from beautiful Long Beach on the Derwent River.
- The ground floor café bar is part of a strata title for the Beach House Apartments, constructed in 2001, and contains an area of 303 sqm (approx) (Lot 16).
- The current tenants renewed their lease in January 2018 for five years with two options, each of five years.
- Current annual rent is $109,200 plus GST.
- The business premises is in excellent condition with internal and external seating for 105 people, and has a great outlook over the park and beach.
- The business has longevity and the investment has been held by the original owners for the last 18 years.
- Net Yield is circa 7%
- An inspection is a must for this quality asset.

Business Highlights

Business ID2014643310
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Annual returnAsk Business Broker
Category
Last updated  30 Oct 2018
Map for Lot 16/646 Sandy Bay Road Sandy Bay TAS 7005
Knight Frank - Tasmania
5 Victoria Street Hobart TAS 7000

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