Knight Frank is excited to present to the market one of Australia's most unique commercial assets.
Situated within Hobart's historic mixed use waterfront precinct, the 'City Mill' is a collection of bespoke offices sculpted from the original hardwood grain silos.
These boutique offices are complimented by a speakeasy style spirit bar & cafe, plus well known restaurant on the ground floor which spills out into the voluminous and light filled central courtyard providing an amazing common area for tenants and visitors to the property alike.
The property is almost fully leased with a strong and diverse tenant mix with a current Net Income of $383,679 pa + GST (approx), and has a WALE of approximately 2.2 years.
The site has an area of approximately 779 sqm with two significant street frontages and is zoned "Sullivans Cove Mixed Use".
The property provides significant value-add opportunity via rental growth, lease tenure or redevelopment.
The property has a NABERS rating of 5.5 stars.
The property is for sale via Expressions of Interest closing 4 pm, (AEST), Thursday, 30 June 2022.
