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10 + 10 Year Lease back to Tilford Auto Group

35-53 Brisbane Street, HOBART TAS, 7000

Sold

Property Sold in 35-53 Brisbane Street, HOBART TAS, 7000

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000

Listing ID:
11341888
Status:
Sold
Price:
For Sale by Expressions of Interest
Last Updated:
17/06/2019
Icon building

Property Type

Retail/Showrooms/Bulky Goods
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Land Area

N/A
Icon size

Floor Area

7651 SQM
Icon parking

Parking

N/A

10 + 10 Year Lease back to Tilford Auto Group

Knight Frank Tasmania is proud to present to the market 35-53 Brisbane Street, Hobart complete with 10+10 year lease back to generational automotive retailer Tilford Auto Group.

The property occupies an outstanding corner location with two frontages on the western fringe of Hobart’s growing CBD and offers approximately 9,395 sqm of land area. Tilford Auto Group is a major business with Ford, Honda, Jaguar, Skoda & Land rover quality retail showrooms as well as a large service centre all on the one site. The current net rental of $993,543 per annum makes this not only an attractive immediate investment but a strategic long term landbank opportunity of a key site located a stones throw from the CBD.

Tasmania is currently Australia’s fastest growing economy, #1 state for house price, economic and wage growth and with auto sales up 10% compared to decade averages. (Source ABS and Comm Sec). Has there been a better time to secure a significant investment opportunity such as this?

For more details, please email agent

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000


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