Site, 34A & 34B Burnett Street,
New Norfolk, TAS 7140
Shops & Retail
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Knight Frank - Tasmania
5 Victoria StreetHOBART, TAS 7000
04083335...
Site, 34A & 34B Burnett Street
New Norfolk, TAS 7140
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Multi-tenanted retail investment anchored by food giant, Subway
- Potential to strata subdivide (STCA)
- 100% leased to 5 separate tenants
- Exposure to High Street retail strip
We are excited to offer for sale a multi-tenanted strip retail investment on the main street of New Norfolk.
Anchored by national food giant Subway, the property includes 5 individual retail tenancies netting an estimated annual income of $68,491 which straddle the corner of High and Burnett Street with plenty street exposure. The opportunity to purchase provides near-future rental growth through upcoming market reviews, CPI increases and management. All tenancies present well and are fully occupied with options to extend leases.
Situated 32 kilometres north-west of Hobart on the Lyell Highway, the New Norfolk township is currently experiencing significant residential development. Properties in the immediate vicinity include The Reject Shop, McDonalds, Woolworths, Mitre 10, Shiploads, 9/11 and BWS.
If you are seeking a de-risked investment opportunity, anchored by a national tenant and with future rental uplift, please contact the undersigned.
Anchored by national food giant Subway, the property includes 5 individual retail tenancies netting an estimated annual income of $68,491 which straddle the corner of High and Burnett Street with plenty street exposure. The opportunity to purchase provides near-future rental growth through upcoming market reviews, CPI increases and management. All tenancies present well and are fully occupied with options to extend leases.
Situated 32 kilometres north-west of Hobart on the Lyell Highway, the New Norfolk township is currently experiencing significant residential development. Properties in the immediate vicinity include The Reject Shop, McDonalds, Woolworths, Mitre 10, Shiploads, 9/11 and BWS.
If you are seeking a de-risked investment opportunity, anchored by a national tenant and with future rental uplift, please contact the undersigned.
Property ID: 504172699Last Updated: 18 Apr 2024
Knight Frank - Tasmania5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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3 - 7 Burnett Street,New Norfolk, TAS 7140 2350 m²Development Sites & Land • Shops & Retail
