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25 Burnett Street New Norfolk, TAS 7140

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25 Burnett Street New Norfolk, TAS 7140

Shop & Retail
Sold Price

$390,000

Land area

1664.0m²

Floor area

244.0m²

Tenure type

Vacant Possession

Sold on

19 Jun 2017

SECURE PASSIVE INVESTMENT - NEW NORFOLK - LEASED TO NATIONAL TENANT

Long-held passive investment property being offered for sale for the first time in 10 Years.
Consider this;
* Comprising three (3) Titles the site has extensive road frontage with drive-through entry and egress located plus a combination of solid hardstand and gravel apron for extra off-street customer car parking;
* Located within the busy New Norfolk commercial business precinct the property has been historically known as ‘Beaurepaires’ with a total land area measuring approximately 1,664m2;
* Circa 1968 the building is solid brick construction measuring approximately 244m2 comprising front reception/waiting room/showroom, 2 mechanical/tyre replacement workshop areas and stock display/storage area; The larger workshop provides extra hoist and roller door height plus drive-through rear roller door entry.
* Internally, the building is in excellent condition and provides staff amenities meeting all modern day commercial compliance requirements; the property has been regularly maintained;
* Securely leased to a national tenant with Options to extend until 2025.
* A solid passive investment opportunity providing very low risk and on-going growth with fixed annual rental increases for the Term of the current Lease.
For Sale by Negotiation
Inspection strictly by appointment only
All enquiries contact John Barwick
PLEASE NOTE BEAUREPAIRES IS NOT RELOCATING AND THE BUSINESS OPERATION IS NOT FOR SALE.

Property ID: 502128898Last Updated: 27 Jun 2017

0438 *** ***
25 Burnett Street
New Norfolk, TAS 7140

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Roberts Licenced Properties - Hobart

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Roberts Licenced Properties - Hobart

172 Collins Street
HOBART, TAS 7000
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John Barwick
Roberts Licenced Properties - Hobart
25 Burnett Street New Norfolk, TAS 7140

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

Kind Regards,

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  • John Barwick

    Roberts Licenced Properties - Hobart
    0438 *** ***