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Sold on 17 Jun 2019

35-53 Brisbane Street Hobart TAS 7000

  • Shop & Retail
  • 7,651 m²
  • Sold

10 + 10 Year Lease back to Tilford Auto Group

  • 10 year lease from May 2019
  • Net rent of $993,543
  • Lettable area 7,651 sqm (approx) gross

&#xD&#xD Knight Frank Tasmania is proud to present to the market 35-53 Brisbane Street, Hobart complete with 10+10 year lease back to generational automotive retailer Tilford Auto Group.

The property occupies an outstanding corner location with two frontages on the western fringe of Hobarts growing CBD and offers approximately 9,395 sqm of land area. Tilford Auto Group is a major business with Ford, Honda, Jaguar, Skoda & Land rover quality retail showrooms as well as a large service centre all on the one site. The current net rental of $993,543 per annum makes this not only an attractive immediate investment but a strategic long term landbank opportunity of a key site located a stones throw from the CBD.

Tasmania is currently Australias fastest growing economy, #1 state for house price, economic and wage growth and with auto sales up 10% compared to decade averages. (Source ABS and Comm Sec). Has there been a better time to secure a significant investment opportunity such as this?

EXPRESSION OF INTEREST

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Property Highlights

Property ID2015103826
Date Sold17 Jun 2019
Floor Area7,651 m²
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Last updated  17 Jun 2019
Map for 35-53 Brisbane Street Hobart TAS 7000
Map for 35-53 Brisbane Street Hobart TAS 700035-53 Brisbane Street Hobart TAS 7000
Knight Frank - Tasmania
5 Victoria Street Hobart TAS 7000

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