1 Arnold Street
Penguin TAS 7316
$240,000
SMALL COMMERCIAL BUILDING FOR SALE, FANTASTIC OPPORTUNITY FOR INVESTORS
An outstanding entry-level commercial investment in the heart of Penguin, securely leased to a respected local business.The current lease started on the 4th March 2024 – 3rd March 2025
The tenant is now in the first year of their 3-year option 4th March – 3rd March 2028 then has 3 year + 3 year options.
Well-presented throughout and a quality fit-out, this low-maintenance asset delivers stability, simplicity and strong investment fundamentals.
Set only metres from Penguin's main street and popular market precinct, this well presented 70.47m2 (approx. total) commercial building suits an office or shop front, with approximately 51.33m2 shop area.
The large front windows allow for great window display.
There is a toilet, kitchenette, rear storage area.
- Central CBD fringe position
- Fully tenanted – 3 + 3 + 3 Options
- Roof recently replaced
- Rent is reviewed annually by CPI
- Current rent $1015 per calendar month (GST not applicable)
- Ideal low-maintenance addition to any investment portfolio
Features
General Features
- Land Area: 99sqm
- Commercial Type: Retail
- Building Area: 70sqm
- Zoning: Commercial
Can I afford 1 Arnold Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
Calculators
Elders Real Estate Ulverstone
Enquire about 1 Arnold Street, Penguin, TAS, 7316