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Knight Frank - Launceston

Ground Site, 328-332 Hobart Road Youngtown, TAS 7249

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Ground Site, 328-332 Hobart Road,
Youngtown, TAS 7249

Shop & Retail • Warehouse, Factory & Industrial

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Knight Frank - Launceston

Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
Knight Frank - Launceston
Ground Site, 328-332 Hobart Road
Youngtown, TAS 7249

Map of Ground Site, 328-332 Hobart Road

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Multi-tenanted investment with "value add" opportunity

Fronting busy Hobart Road at Youngtown, this multi-tenanted property is now offered For Sale for the first time in over 35 years.
Dominant in the street-scape, the property has a land holding of approximately 2,500 sqm and is zoned "Commercial".
Current configuration includes three retail areas together with two warehouse / workshop facilities, plus extensive on-site parking.
The three retail areas are fully leased, as is one of the warehouses. The remainder warehouse of approx 180 sqm provides the opportunity for the site buyer to owner-occupy or to lease to a tenant and thereby increase the income return, which is currently approx. $44,500 net.

The whole site performs as a stealth investment in a prime position, with an income stream and the opportunity to "value-add".

Sale by Expressions of Interest Tuesday 20 April at 4pm.

Property ID: 503789174Last Updated: 22 Jun 2021

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Knight Frank - Launceston
54 Cameron Street
LAUNCESTON, TAS 7250
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Rodney Rawlings

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Rodney Rawlings
Knight Frank - Launceston
Ground Site, 328-332 Hobart Road Youngtown, TAS 7249

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

Kind Regards,

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