290-296 Argyle Street,
North Hobart, TAS 7000
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Knight Frank - Tasmania
5 Victoria StreetHOBART, TAS 7000
290-296 Argyle Street
North Hobart, TAS 7000
Map of 290-296 Argyle Street
Future development site with significant holding income
- Blue-chip lease to SIXT Car Hire
- Five year lease, expiring September 2027
- Future rezoning and development
We present for sale 290-296 Argyle Street, North Hobart, a future development site with significant holding income.
The property is zoned ‘Light Industrial’ however adjoins and is surrounded by properties that have recently been rezoned ‘Residential’. These rezoning precedents suggest that a residential rezone may be possible on this site^ with the owner then able to explore the possibility of multistorey or townhouse development^.
The property benefits from a new five-year net lease to SIXT Car Hire (Kingmill Pty Ltd) providing the purchaser with secure holding income and substantial time to prepare a DA and rezoning application if development is the desired end use. With considerable street frontage to Argyle St, the property also appeals to alternative commercial and industrial uses^ at lease end.
For Sale by Expressions of Interest closing 1 September 2022 at 4:00pm AEST
^STCA
*Approx
The property is zoned ‘Light Industrial’ however adjoins and is surrounded by properties that have recently been rezoned ‘Residential’. These rezoning precedents suggest that a residential rezone may be possible on this site^ with the owner then able to explore the possibility of multistorey or townhouse development^.
The property benefits from a new five-year net lease to SIXT Car Hire (Kingmill Pty Ltd) providing the purchaser with secure holding income and substantial time to prepare a DA and rezoning application if development is the desired end use. With considerable street frontage to Argyle St, the property also appeals to alternative commercial and industrial uses^ at lease end.
For Sale by Expressions of Interest closing 1 September 2022 at 4:00pm AEST
^STCA
*Approx
Property ID: 504134007Last Updated: 18 Apr 2024
Knight Frank - Tasmania5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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