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Address available on request Hobart, TAS 7000

Address available on request,
Hobart, TAS 7000

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Hobart Investment Property: National Tenant, with Long Term Development Potential.

  • Property leased to a national tenant
  • Location - strategic corner position
  • Long term development options
Edwards Windsor have been appointed to offer for sale a Spotlight department store, subject to a 6 year lease, with options, located on a strategic corner within the Hobart CBD, with a substantial land holding, providing the potential for future development options.

The property has extensive frontages to both Liverpool and Harrington Streets, on the western fringe of the Hobart CBD, with a land are of 2561 sqm, plus a leasehold land are of approximately 670 sqm.

Spotlight currently pay a rental of $451,542 per annum, plus outgoings, including the rent payable for the leasehold land; and the rent is adjusted annually at 3% with a market review upon exercising the options.

The property is offered for sale, subject to the lease, by Expression of Interest, closing 4pm, 2 October 2014 at the offices of Edwards Windsor.

Please call the agent for more information.

Property ID: 501276775Last Updated: 29 Oct 2014

03 6234 55...
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Address available on request
Hobart, TAS 7000
Edwards Windsor - Hobart
Level 2, 89 Brisbane Street
HOBART, TAS 7000

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