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Hobart, TAS 7000
Shops & Retail
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Hobart Investment Property: National Tenant, with Long Term Development Potential.
- Property leased to a national tenant
- Location - strategic corner position
- Long term development options
Edwards Windsor have been appointed to offer for sale a Spotlight department store, subject to a 6 year lease, with options, located on a strategic corner within the Hobart CBD, with a substantial land holding, providing the potential for future development options.
The property has extensive frontages to both Liverpool and Harrington Streets, on the western fringe of the Hobart CBD, with a land are of 2561 sqm, plus a leasehold land are of approximately 670 sqm.
Spotlight currently pay a rental of $451,542 per annum, plus outgoings, including the rent payable for the leasehold land; and the rent is adjusted annually at 3% with a market review upon exercising the options.
The property is offered for sale, subject to the lease, by Expression of Interest, closing 4pm, 2 October 2014 at the offices of Edwards Windsor.
Please call the agent for more information.
The property has extensive frontages to both Liverpool and Harrington Streets, on the western fringe of the Hobart CBD, with a land are of 2561 sqm, plus a leasehold land are of approximately 670 sqm.
Spotlight currently pay a rental of $451,542 per annum, plus outgoings, including the rent payable for the leasehold land; and the rent is adjusted annually at 3% with a market review upon exercising the options.
The property is offered for sale, subject to the lease, by Expression of Interest, closing 4pm, 2 October 2014 at the offices of Edwards Windsor.
Please call the agent for more information.
Property ID: 501276775Last Updated: 29 Oct 2014
03 6234 55...
Address available on request
Hobart, TAS 7000
Edwards Windsor - HobartLevel 2, 89 Brisbane Street
HOBART, TAS 7000
HOBART, TAS 7000
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