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118 King Street, Sandy Bay, Tas 7005

118 King Street, Sandy Bay, Tas 7005

Retail

  • For Sale
  • Contact Agent
  • For Sale

Invest in a Slice of the Bay

  • Prestige location
  • High profile corner site
  • Fully leased

  • Land Area
  • 278.00 m² (approx)
  • Floor Area
  • 271 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Apr 22, 2021
  • Zoning
  • Residential

Interested in this property? Contact an Agent today

Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

George Burbury
Richard Steedman

Invest in a Slice of the Bay

High profile retail investment within the prestige residential suburb of Sandy Bay.

Low maintenance investment that is fully leased to well known Tasmanian business "Salamanca Fresh" with a lease expiry of 24 January 2022 + 5 yrs + 5 yrs.

The current Net Rental is $110,803 pa + GST with annual CPI reviews and market value on exercise of each option period.

Very convenient location being situated on a prominent corner site of 278 sqm (approx), within a built-up residential area and within close proximity to the University of Tasmania.

The property was extended and substantially refurbished in 2012 providing a good, modern standard of retail accommodation.

Great investment opportunity within the tightly held and much sought after locality of Sandy Bay.

118 King Street, Sandy Bay, Tas 7005

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