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1 Beach Road &, 644 Sandy Bay Road, Sandy Bay, Tas 7005

1 Beach Road &, 644 Sandy Bay Road, Sandy Bay, Tas 7005

Retail Land/Development

  • Sold Contact Agent
  • Tue 06-Apr-21

Substantial corner site in the heart of Lower Sandy Bay

  • Site Area: 552 sqm (approx)
  • Opportunity for development (STCA)
  • Existing retail & F&B infrastructure

  • Land Area
  • 552.00 m² (approx)
  • Floor Area
  • 591 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • Apr 09, 2021
  • Zoning
  • Local Business

Interested in this property? Contact an Agent today

Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

Scott Newton, Knight Frank - Tasmania
Scott Newton
George Burbury, Knight Frank - Tasmania
George Burbury

Substantial corner site in the heart of Lower Sandy Bay

Knight Frank offer for sale in one line two commercial properties located on a high exposure corner in the tightly held Lower Sandy Bay commercial precinct.

Occupying a 552 sqm (approx) site, the two adjoining properties have been trading as a conjoined supermarket and bakery for over 30 years. The flexible “Local Business” zoning permits a number of attractive uses, including a mixed-use development incorporating residential and commercial uses (STCA).

The properties are being sold with vacant possession and for the investor offer a diversified income stream with the opportunity for multiple tenants in different property sectors. For business operators, this offering has the added benefit of existing retail and F&B infrastructure as well as a 2 bedroom apartment on level 1 for those seeking a place to reside or the added benefit of short stay accommodation income (STCA).

The surrounding beaches and parklands are a major attraction for locals and the nearby commercial offerings are the strong beneficiaries of this.

The properties are for sale via Expressions of Interest closing Thursday 11 March 2021 at 4pm (AEDT).

For further

1 Beach Road &, 644 Sandy Bay Road, Sandy Bay, Tas 7005

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