Units 1-4, 63 Salamanca Place
Battery Point TAS 7004
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Iconic Salamanca
Elders Commercial is privileged to offer for sale Units 1 – 4, 63 Salamanca Place, Battery Point. This landmark generational trophy asset occupies a prized corner position right in the heart of Tasmania’s most sought after and world renown precincts, and is fully leased to various well established businesses including Hobart institution, “The Den” which holds centre stage on the Salamanca strip. The offering comprises 4 strata titled commercial units set over three levels (total building excluding strata units 5 & 6 at the rear on Level 2) for sale in one line.Key Investment Highlights:
• Premium 100% leased investment with a current gross income of $403,997 pa plus GST and a WALE of 5 years*
• Diversified income stream comprising bar, retail and office uses with a strong occupancy history
• Substantial strata area of 829* sqm over 3 levels and 4 separate strata units
• Extensive frontage to Salamanca Place, Wooby’s Lane and Salamanca Square with the property having one of the largest, active frontages within the Salamanca precinct.
• High level of passing foot traffic with the property set in the heart of Hobart’s historic Salamanca/Sullivan’s Cove waterfront precinct which attracts locals and visitors alike 24/7, 365 days of the year, with over 1 million visitors a year.
• Surrounded by some of Tasmania’s best accommodation, restaurants, bars and the famous weekly Salamanca Market.
• Highly attractive historic Georgian sandstone building with various high quality tenant fit-outs combining modern amenity with historic appeal
This opportunity ticks all of the boxes and more of the key property investment fundamentals with properties of this calibre rare to the market.
Please contact Richard Steedman or Scott Newton to discuss further or to arrange an inspection.
*Approximate
Features
General Features
- Land Area: 829sqm
- Commercial Type: Retail
- Building Area: 829sqm
- Zoning: Sullivans Cove Mixed Use
Can I afford Units 1-4, 63 Salamanca Place?
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.
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