Unit 15/13-17 Castray Esplanade,
Battery Point, TAS 7004
Shops & Retail • Other • Hotel, Motel & Leisure
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Unit 15/13-17 Castray Esplanade
Battery Point, TAS 7004
Map of Unit 15/13-17 Castray Esplanade
Owner Says Sell - Rare 15 Year lease plus options to 2036, Market Leading Japanese Restaurant
- 15 yr lease in Prestigious Salamanca
- Fixed Annual 3.5% rent increases
- Tenant pays all outgoings
Burgess Rawson and Knight Frank Tasmania are pleased to offer to the market, Kosaten Japanese located at Unit 15/13-17 Castray Esplanade, Battery Point for sale via our Burgess Rawson Auction Investment Portfolio 167.
+ Long and 15 year lease through to 2036.
+ Kosaten Japanese: Game Changing modern Japanese restaurant with significant following across Tasmania and interstate with over 5 locations and more planned.
+ Assured rental growth through fixed 3.5% annual increases.
+ Rare, landlord-favourable, net lease terms with tenant responsible for usual outgoings (including land tax and body corporate fees).
+ Impressive and modern $750,000 state of the art fit-out.
+ 201sqm* strata area with key frontage and exposure to sought after Castray Esplanade and Salamanca.
+ Superbly located in the Salamanca Waterfront precinct, a tourist mecca with over 1.3 million*+ visitors per year.
+ Surrounded by some of Tasmania's best accommodation, restaurants, bars and the famous Salamanca Market.
+ Within 1.5km of the University of Tasmania, home to over 24,500* domestic students- enrolments up 14% from FY2020*****.
+ Battery Point: Located just 600m from the Hobart CBD, Battery Point is one of Hobart's most prestigious residential areas with a median house price of $2,200,000** with a huge 54.4% median house growth in last 12 months.
+ Hobart: Tasmania's administrative capital with a population of 250,000+* and growing.
+ Tasmania: Has consistently led the nation over the past 3 years in CommSec’s state of the state report, currently number #1 in equipment spending.
+ A minimal management investment.
+ Net Rental: $123,736.93 pa + GST (June 2024)
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 27th March 2024
Crown Casino, River Rooms, Melbourne
Bidder registration required, register here.
Please contact the exclusively appointed sales team for more information.
+ Long and 15 year lease through to 2036.
+ Kosaten Japanese: Game Changing modern Japanese restaurant with significant following across Tasmania and interstate with over 5 locations and more planned.
+ Assured rental growth through fixed 3.5% annual increases.
+ Rare, landlord-favourable, net lease terms with tenant responsible for usual outgoings (including land tax and body corporate fees).
+ Impressive and modern $750,000 state of the art fit-out.
+ 201sqm* strata area with key frontage and exposure to sought after Castray Esplanade and Salamanca.
+ Superbly located in the Salamanca Waterfront precinct, a tourist mecca with over 1.3 million*+ visitors per year.
+ Surrounded by some of Tasmania's best accommodation, restaurants, bars and the famous Salamanca Market.
+ Within 1.5km of the University of Tasmania, home to over 24,500* domestic students- enrolments up 14% from FY2020*****.
+ Battery Point: Located just 600m from the Hobart CBD, Battery Point is one of Hobart's most prestigious residential areas with a median house price of $2,200,000** with a huge 54.4% median house growth in last 12 months.
+ Hobart: Tasmania's administrative capital with a population of 250,000+* and growing.
+ Tasmania: Has consistently led the nation over the past 3 years in CommSec’s state of the state report, currently number #1 in equipment spending.
+ A minimal management investment.
+ Net Rental: $123,736.93 pa + GST (June 2024)
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 27th March 2024
Crown Casino, River Rooms, Melbourne
Bidder registration required, register here.
Please contact the exclusively appointed sales team for more information.
Battery Point, 7004 demographic data
The median household income for Battery Point is $1,891, 23% higher than Greater Hobart's household income of $1,542. Battery Point has an older age profile compared to the rest of Greater Hobart (median age 43 vs 39). Property ownership data shows 24% of property owners in Battery Point have a mortgage.
2,096
Population
$1,891 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Elders Real Estate - Hobart5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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