16/646 Sandy Bay RoadSandy Bay, TAS 7005
06 Mar 2019
Beach House Retail Investment
100 metres from beautiful Long Beach on the Derwent River.
- The ground floor cafe bar is part of a strata title for the Beach House Apartments, constructed in 2001, and contains an area of 303 sqm (approx) (Lot 16).
- The current tenants renewed their lease in January 2018 for five years with two options, each of five years.
- Current annual rent is $109,200 plus GST.
- The business premises is in excellent condition with internal and external seating for 105 people, and has a great outlook over the park and beach.
- The business has longevity and the investment has been held by the original owners for the last 18 years.
- Net Yield is circa 7%
- An inspection is a must for this quality asset.
Property ID: 502960338Last Updated: 6 Mar 2019