Devine Property is please to present the exclusive opportunity 177 Liverpool Street, Hobart for sale.
This stunning retail property offers a prime location in the heart of the city, making it an ideal investment opportunity. Boasting a generous building area of approximately 268sqm, this property provides ample space to accommodate a range of retail businesses. The versatile layout allows for flexible interior design options, ensuring that you can create the perfect space to suit your needs.
The tenant is an established and well-known operator in the Hobart area, holding a distinguished reputation within the industry. With an exemplary track record, the tenant has demonstrated resilience and strength, trading robustly throughout the challenging conditions imposed by the Covid-19 pandemic. A high-end tenant funded fit-out characterised by state-of-the-art equipment, ensuring impeccable presentation for patrons. This investment reflects the tenant's commitment to providing an elevated and sophisticated experience within the premises. Furthermore, the tenant has successfully leveraged modern trends, engaging in a thriving trade through platforms such as Uber Eats. This strategic approach not only showcases the tenant's ability to adapt to evolving consumer preferences but also highlights their proactive stance in maximizing revenue streams.
Initial Ten (10) Year lease to 2029 plus three further options to 2044, to The Standard Burger, on site for 4 years.
Landlord favourable net lease terms with the tenant responsible for all usual outgoings including land tax, council rates and utilities.
Annual fixed rent reviews of 2.5%
Estimated Net Income: $88,305 (As at December 2023)