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New Town, TAS 7008
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High Yielding, Well Presented Commercial Tenancy - Attractive Net Return of 11.3%
Edwards Windsor have been appointed to offer for sale this high quality, strata titled commercial unit, leased to an established not for profit organisation.
The property is located on the eastern side of Tower Road, New Town, approximately 6 kilometers north of the Hobart CBD.
The tenancy is accessed via recessed entry door; and accommodation comprises the main entry, laundry, storeroom, male and female toilets, convenience program rooms, kitchen, dining area and offices.
The accommodation was refurbished some seven years ago, and provides a good quality commercial tenancy.
We understand the tenancy has a gross floor area of approximately 705 sqm.
The premises is leased to a not for profit organisation, Parkside Foundation, for 10 years, from August 2006, at a current gross rental of $120,392 per annum.
The current net income is estimated at approximately $108,578 per annum.
Please call for more information.
The property is located on the eastern side of Tower Road, New Town, approximately 6 kilometers north of the Hobart CBD.
The tenancy is accessed via recessed entry door; and accommodation comprises the main entry, laundry, storeroom, male and female toilets, convenience program rooms, kitchen, dining area and offices.
The accommodation was refurbished some seven years ago, and provides a good quality commercial tenancy.
We understand the tenancy has a gross floor area of approximately 705 sqm.
The premises is leased to a not for profit organisation, Parkside Foundation, for 10 years, from August 2006, at a current gross rental of $120,392 per annum.
The current net income is estimated at approximately $108,578 per annum.
Please call for more information.
Property ID: 500906563Last Updated: 30 Mar 2014
03 6234 55...
Address available on request
New Town, TAS 7008
Edwards Windsor - HobartLevel 2, 89 Brisbane Street
HOBART, TAS 7000
HOBART, TAS 7000
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