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118 King Street Sandy Bay TAS 7005

  • Shop & Retail
  • 271 m²
  • For Sale, For Sale by Offer

Invest in a Slice of the Bay

  • Prestige location
  • High profile corner site
  • Fully leased

High profile retail investment within the prestige residential suburb of Sandy Bay.

Low maintenance investment that is fully leased to well known Tasmanian business "Salamanca Fresh" with a lease expiry of 24 January 2022 + 5 yrs + 5 yrs.

The current Net Rental is $110,803 pa + GST with annual CPI reviews and market value on exercise of each option period.

Very convenient location being situated on a prominent corner site of 278 sqm (approx), within a built-up residential area and within close proximity to the University of Tasmania.

The property was extended and substantially refurbished in 2012 providing a good, modern standard of retail accommodation.

Great investment opportunity within the tightly held and much sought after locality of Sandy Bay.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016107486
Floor Area271 m²
Land Area278 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  25 Mar 2020
Map for 118 King Street Sandy Bay TAS 7005
Map for 118 King Street Sandy Bay TAS 7005118 King Street Sandy Bay TAS 7005
Knight Frank - Tasmania
5 Victoria Street Hobart TAS 7000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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