- Knight Frank is pleased to present ‘Palfreymans Arcade’ to the market- a rare iconic asset situated in one of Hobart’s most sought-after commercial localities
- North Hobart’s highest profile asset being situated on the corner of Elizabeth and Burnett Streets
- Prized corner position within the “Lygon Street” of Hobart with three extensive street frontages
- Highly flexible property, providing a mixture of retail and commercial tenancies over two levels
- Strata titled with 3 units combining for a total strata area of 611 sqm (approx)
- Fully leased with a Gross Income of $197,388 per annum plus GST (approx) as at 1 November 2018
- Potential to add value by strengthening tenancy mix and rental growth
- Conveniently located adjacent to large scale public car park at the rear
- Zoned: General Business providing good level of flexibility
- A wonderful opportunity to secure a trophy Hobart asset
