High profile retail investment within the prestige residential suburb of Sandy Bay.
Low maintenance investment that is fully leased to well known Tasmanian business "Salamanca Fresh" with a lease expiry of 24 January 2022 + 5 yrs + 5 yrs.
The current Net Rental is $110,803 pa + GST with annual CPI reviews and market value on exercise of each option period.
Very convenient location being situated on a prominent corner site of 278 sqm (approx), within a built-up residential area and within close proximity to the University of Tasmania.
The property was extended and substantially refurbished in 2012 providing a good, modern standard of retail accommodation.
Great investment opportunity within the tightly held and much sought after locality of Sandy Bay.
For more details, please email agent