66 Hampden Road Battery Point TAS 7004
- Shop & Retail
- 370 m²
- For Sale, EOI in excess of $2.4 million
Trophy Asset in Historic Blue-Chip Locale
Steeped in rich historical significance, 66 Hampden Road holds a coveted position in the heart of Battery Point.
Battery Point, Hobart's premiere maritime suburb developed quickly after the colonial authorities used convict labour to construct Hampden Road and establish wharves on the southern side of the Sullivans Cove in the early 1830s. Hampden Road was so named after a hero of the parliamentary cause in the English Civil War.
Set over one generous title, on the corner of Hampden Road and Waterloo Crescent, this iconic and unique property incorporates two buildings: gorgeous residential/commercial space at the front and a café/restaurant to the rear.
Constructed in 1846 of convict made Sandstone bricks and permanently registered on the Tasmanian Heritage Register, the main building was used as a residential premises until 1964, whereby the current owner's mother established a medical practice. This space is currently leased to Align Chiropractic.
Interestingly the café which was renovated in 2019 and currently houses 3 Japanese, was originally formed in 1973 as Mummy's, one of only two cafes in the area - a pioneering move given the café culture that exists today.
Today, 66 Hampden Road presents a unique opportunity for astute investors to acquire a property of great historical value and interest, with room for additional improvements and even possible subdivision.
With two secure leases in place generating a dual income stream, future possibilities include; maintaining a dual income stream, restoring the front building to a residential dwelling and receiving income from the rear building, further development to enhance the capital value overall.
This blue-chip property offers a truly unique opportunity to secure a trophy asset in Hobart's most sought-after suburb.
The current lease details are outlined below:
66 Hampden Road
Tenant: Align Chiro
Rent: $27,981 + GST + Outgoings per annum with CPI adjustment annually
Term: 3 Years commencing 9th November 2020 + 2 x 3 year options
38 Waterloo Crescent
Tenant: Vincent Wang operating as 3 Japanese
Rent: $32,008 + GST + Outgoings per annum with CPI adjustment annually
Term: 5 years commencing 22nd October 2015 + 2 x 5 year options