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118 King Street, SANDY BAY TAS, 7005

For Sale
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Property for Sale in 118 King Street, SANDY BAY TAS, 7005

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000

Listing ID:
11378101
Status:
Active
For:
Sale
Last Updated:
30/07/2020
Price:
For Sale by Offer
Icon building

Property Type

Retail
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Land Area

278 SQM
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Floor Area

271 SQM
Icon parking

Parking

N/A

Invest in a Slice of the Bay

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

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000


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