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16/646 Sandy Bay Road Sandy Bay, TAS 7005

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16/646 Sandy Bay RoadSandy Bay, TAS 7005

Hotel & Leisure
Sold Price

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Floor area

303.0m²

Property extent

Partial

Tenure type

Tenanted Investment

Sold on

06 Mar 2019

Beach House Retail Investment

- Located in the upmarket suburb of Sandy Bay, 4 km from the Hobart CBD, and only
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

0418 *** ***
16/646 Sandy Bay Road
Sandy Bay, TAS 7005

Agency contacts

Knight Frank - Tasmania

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Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000
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John Blacklow
Knight Frank - Tasmania
16/646 Sandy Bay Road Sandy Bay, TAS 7005

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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