PRIME HOBART STRIP RETAIL BLUE CHIP INCOME AND DEVELOPMENT
This property, which occupies a dominant Hobart Elizabeth Mall frontage, provides a secure investment as well as longer term development opportunity. Offering three levels (partly underutilised), the property benefits from a very strong and secure income of which 70% is provided by blue chip tenant Telstra. The site of 685m² in addition to frontage of almost 21 meters to the mall benefits from ROW access off Collins Street.
– Total building area 1,457m² approximately
– Three tenancies
– Current net income $541,601.00 pa approximately with indexed growth
Property Being Sold by Expressions of Interest. Being sold in conjunction with 42 Elizabeth Mall