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Knight Frank - Tasmania

Unit 2, 106 New Town Road New Town, TAS 7008

Directions

Unit 2, 106 New Town Road,
New Town, TAS 7008

Offices • Shops & Retail

Price information

Sale

$670,000 excluding GST

Key property information

Floor area

Car spaces

Zoning

Tenure type

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to arrange a private inspection.
Knight Frank - Tasmania
Hayden Peck
Claude Alcorso

Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000
Knight Frank - Tasmania
Unit 2, 106 New Town Road
New Town, TAS 7008

Map of Unit 2, 106 New Town Road

Directions
  • Bus stops within 5 km of Unit 2, 106 New Town Road, New Town, TAS 7008Distance
    Stop 11, No.110 New Town Rd31 m
    Stop 11, No.95 New Town Rd38 m
    No.67 New Town Rd238 m
    Stop 12, No.142 New Town Rd278 m
    Stop 13, Opp.No.334 Park St281 m
    POWERED BY HERE ©
POWERED BY HERE ©

Affordable tenanted investment - New Town

  • Total Strata Area: 178sqm*
  • Total Net Income: $40,073 + GST
  • Quality fit-out in situ
Knight Frank presents for sale this well-appointed, multi tenanted investment, part of an attractive stratum title property, located on busy New Town Road, New Town.

The property is located within a mixed use precinct with cafes, restaurants, high density residential and office space all in the immediate vicinity, and within walking distance to the North Hobart hospitality precinct and the Coles and Kmart anchored New Town Plaza.

The subject strata includes, ground floor office space with one off-street park. This is currently leased to Squawk Digital on a three year term, expiring 28th February 2026 with a passing gross rent of $38,000*. The strata is also benefited by a lower ground storage area, separately tenanted on a gross month by month basis for $7,200* + GST, giving the site a total net passing income of $40,073*.

This property offers a great addition to any commercial portfolio or a perfect investment for a first time investor, as it provides a securely leased asset within a tightly held and desirable residential & commercial precinct.

The property is for sale by private treaty offers over $670,000

*Approximately

Property ID: 504475736Last Updated: 10 Feb 2024

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