• Scott Newton
  • Knight Frank Tasmania

For Sale

Investment available for $1,600,000

LOT 16 / 646 Sandy Bay Road, Sandy Bay, TAS 7005

  • Retail
  • Hotel/Leisure

Last updated: 7th March 2019

Listing ID: 3305

  • 303.0m2 Floor area

Beach House Retail Investment

- Located in the upmarket suburb of Sandy Bay, 4 km from the Hobart CBD, and only
100 metres from beautiful Long Beach on the Derwent River.
- The ground floor café bar is part of a strata title for the Beach House Apartments, constructed in 2001, and contains an area of 303 sqm (approx) (Lot 16).
- The current tenants renewed their lease in January 2018 for five years with two options, each of five years.
- Current annual rent is $109,200 plus GST.
- The business premises is in excellent condition with internal and external seating for 105 people, and has a great outlook over the park and beach.
- The business has longevity and the investment has been held by the original owners for the last 18 years.
- Net Yield is circa 7%
- An inspection is a must for this quality asset.

WalkScore®

This property is somewhat walkable with some errands that can be accomplished on foot. If you are up for a little walk you can explore the local lunch and coffee options nearby. Tagline

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  • Scott Newton
  • Knight Frank Tasmania
  • John Blacklow
  • Knight Frank Tasmania