"Brownings", 14 High Street,
New Norfolk, TAS 7140
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Map of "Brownings", 14 High Street
Bus stops within 5 km of "Brownings", 14 High Street, New Norfolk, TAS 7140 Distance Eagle Cafe, Hamilton Road 489 m Hamilton Road, Opp Eagle Cafe 714 m Hobart Road / Pioneer Ave 776 mPOWERED BY HERE ©
Passive Bricks & Mortar investment offering 7.25% yield * New Norfolk
A great passive bricks & mortar invest offering 7.25% yield in New Norfolk.
Low maintenance investment that is fully leased to well know entity, Salvation Army with a current 2020, 5 - year term + 5 option.
The current Net Rental is $49,000 pa + GST with annual 2% increase and market value on exercise of each option period capped at 5%.
With a total land area measuring approximately 1016m² made up of an open plan retail / shop area of 450m² and a car parking area for 16 cars.
The building is solid brick construction and most recently housed Zap Fitness, Internally the building is in excellent condition.
Community well serviced with national retail and essential services nearby. Located 30 minutes away from Hobart, the New Norfolk Township is showing growth as the gateway to the central highlands and west coast of Tasmania.
"Browning's" offers a great investment opportunity of prime real estate in New Norfolk.
FOR SALE For $675.000
Property ID: 503355494Last Updated: 5 Aug 2020