88 Central Avenue Derwent Park TAS 7009

Set with prime corner position within the business hub of the locality, this commercial asset benefits from dual use, high exposure, easy access and full occupancy.

The tenanted premises has been a family asset for four decades and utilised for business and living purposes throughout this time. Presently, the dual level title is currently occupied by two tenancies, a food catering business on a five-year commercial lease plus options and private residents on an annual residential lease.

Ground commercial level covers a 299m2 floor area configured with dual glass door entrance to open workroom with recently painted ceiling, office area, goods area, ducted kitchen area and freestanding cool room, plus an adjoining laundry room, change room with male and female lavatories, utility room and garage with roller door for goods storage and delivery access. The fenced yard, hard surface frontage suitable for six car spaces and delivery, plus signpost completes the street frontage of this premises.

Upper residential unit covers a 105m2 floor area with hallway connecting each room including the kitchen with dining area, adjoining lounge, combined bathing laundry room, three bedrooms with WIR in master and recently waterproofed expansive outdoor terrace. The unit has separate street level access to staircase and one allocated car space.

This quality asset offers a versatile fully tenanted investment with quality attributes, long-term revenue, good return and growth potential, making this commercial premises an attractive opportunity not to miss.

Please note: internal images of each level have been fully edited for tenant privacy. An information memorandum will be supplied upon request.

Key points:
- Single freehold title with mixed-use
- Commercial lease, first term ends January 2030 with 5+5 option
- Residential lease, ends September 2025
- Zoned, 17.0 Commercial
- GST is not applicable to the sale price