Edwards Windsor have been appointed to offer for sale by Expressions of Interest, a multi tenanted investment opportunity, in the township of New Norfolk, approximately 40km from Hobart.

The property is strategically located in the township of New Norfolk, with frontages to George, Charles and Leatham Streets, opposite a modern Woolworth’s supermarket, adjacent to Mitre 10 & McDonalds, and just off High Street, the traditional retail strip for this township.

The property is a former Woolworths supermarket, which has recently been converted, extended and totally upgraded to provide 3 modern tenancies, all subject to long term leases.

The three tenants, Shiploads, Zap Fitness and 9/11 Bottleshop, pay a total annual rental of $300,000, plus all outgoings, with lease terms of between 7 and 10 years from early 2019.

The building has a gross area of approximately 1,835 sqm, situated on three titles, with a combined site area of approximately 6,825 sqm, incorporating approximately 125 car parks.

• Strategically located in a regional township, close to Hobart

• The property is situated on a prominent corner location, in the premium commercial hub of New Norfolk, with significant national tenants adjacent: Woolworths, McDonalds and Mitre 10.

• A substantial site: 6,825 sqm,with extensive car parking

• Fully leased, with long term security – new leases of between 7-10 years

• Net income - $300,000 plus all outgoings

• The property presents itself as new, with extensive redevelopment work undertaken

• Excellent depreciation

This is your opportunity to secure a well leased, recently upgraded and extended building, with ample on-site parking, subject to long term leases and excellent depreciation.

Expressions of Interest closes Friday 12pm 24 May 2019.

Please call now for more information.