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

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

Retail Industrial/Warehouse

  • Sold Contact Agent
  • Wed 28-Apr-21

  • Floor Area
  • 597 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • May 06, 2021

Interested in this property? Contact an Agent today

Knight Frank - Launceston

54 Cameron Street

Launceston Tas 7250

David Webster, Knight Frank - Launceston
David Webster
Rodney Rawlings, Knight Frank - Launceston
Rodney Rawlings

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.

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

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