Knight Frank presents for sale this well-appointed, multi tenanted investment, part of an attractive stratum title property, located on busy New Town Road, New Town.
The property is located within a mixed use precinct with cafes, restaurants, high density residential and office space all in the immediate vicinity, and within walking distance to the North Hobart hospitality precinct and the Coles and Kmart anchored New Town Plaza.
The subject strata includes, ground floor office space with one off-street park. This is currently leased to Squawk Digital on a three year term, expiring 28th February 2026 with a passing gross rent of $38,000*. The strata is also benefited by a lower ground storage area, separately tenanted on a gross month by month basis for $7,200* + GST, giving the site a total net passing income of $40,073*.
This property offers a great addition to any commercial portfolio or a perfect investment for a first time investor, as it provides a securely leased asset within a tightly held and desirable residential & commercial precinct.
The property is for sale by private treaty offers over $670,000
*Approximately
