Retail investment part leased to national health insurer, Medibank Private
Fully let net income: $159,469* pa
Occupancy: Part leased until June 2025
Two undercover car parks
Knight Frank is delighted to put to market for sale Unit 1, 117 Collins Street Hobart.
Partly tenanted by national health insurance provider, Medibank Private with 2.75 years remaining on the lease, the property provides an excellent investment opportunity with additional future upside.
Medibank Private occupy 121 sqm* of service based retail with 10 meters of shop frontage to Collins Street. The tenancy is complimented with a board room, staff amenities and two undercover car parks. There is an additional 244 sqm* of vacant space situated at the rear and accessed via a separate door from the Collins St arcade. It is comprised of a reception, various meeting rooms, amenities and could suit health and fitness, service retail, medical or internal offices (STCA). The property includes two car parks.
If you're looking for a quality Hobart CBD investment with capacity for future income generation, then this is an opportunity not to be missed.