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Knight Frank - Tasmania

10 Derwent Park Road Derwent Park, TAS 7009

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10 Derwent Park Road,
Derwent Park, TAS 7009

Showrooms & Large Format Retail • Shops & Retail

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Knight Frank - Tasmania
Scott Newton

Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000
04091862...
Knight Frank - Tasmania
10 Derwent Park Road
Derwent Park, TAS 7009

Map of 10 Derwent Park Road

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Long WALE Retail Opportunity

The property provides a rare opportunity to acquire a landmark property of substantial proportions that is strategically located within the centre of Hobart’s preferred showroom precinct.

- Fully leased retail complex with a long WALE of approximately 9 years.
- Strong lease covenants to national tenants Supercheap Auto, RSEA, Baby Bunting, and market leading Tasmanian automotive company Jackson Motor Company (JMC).
- Estimated Net Income (as at 1 November 2018) of $1,127,695 pa + GST.
- Landmark property situated in the heart of Hobart’s preferred showroom precinct of Derwent Park with an abundance of national retailers within proximity.
- The property has an extensive frontage to Derwent Park Road at approximately 66.69 metres and has a significant site area of 1.758 hectares and is zoned ‘Commercial’.
- The property presents ‘as new’ with an extensive redevelopment nearing complete.
- The property has a building area of approximately 6,453 sqm and extensive car parking.
- Confidence in Hobart’s economy has never been better as it transitions into a more vibrant and progressive region providing great opportunity.

Additional information

Property ID: 502882754Last Updated: 4 Feb 2021

Knight Frank - Tasmania
5 Victoria Street
HOBART, TAS 7000
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