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City Flour Mills, 8 Brooke Street, Hobart, Tas 7000

City Flour Mills, 8 Brooke Street, Hobart, Tas 7000

Offices Retail Hotel/Leisure

  • Sold Contact Agent
  • Thu 17-Jun-21

Harbourside Investments with a 5.5 year WALE

  • Net rent of $154,000 approx
  • WALE of 5.5 years approx
  • 387sqm total lot areas

  • Floor Area
  • 387 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Jun 23, 2021
  • Return
  • 5.0% P.A.
  • Zoning
  • Urban Mixed Use

Interested in this property? Contact an Agent today

Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

Harbourside Investments with a 5.5 year WALE

Knight Frank has the exclusive opportunity to offer for sale two freehold strata lots in the ‘City Flour Mills’ building at 8 Brooke Street, Hobart.

The properties are for sale either in one line or separately by Expressions of Interest.

8 Brooke Street, Hobart, is a c1860’s multi-level, heritage building on a 'mixed-use' zoned parcel of land in the in the prime harbourside precinct of Sullivan's Cove/Salamanca.

On offer is a ground floor unit (Lot 1) of 143 sqm (approx) tenanted by one of Hobart’s finest restaurants, Stockmarket. The first floor (Lot 2) is over 244 sqm (approx) and is occupied by Salamanca Psychology.

Lot 1 has a new 6 year term from 1/6/2021 at a net rental of $73,106 (approx) and Lot 2 has 5 years remaining on lease with a net rental of $81,120 (approx).

The building was extensively refurbished approximately 5 years ago, with Lot 2 upgrade works completed 2 years ago.

Inspections strictly by appointment.

City Flour Mills, 8 Brooke Street, Hobart, Tas 7000

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