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Vacant Modern Commercial & Tenanted Residential Investment - CBD

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  • property photo
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Description

Located in Southern Rooke Street, this building holds two separate tenancies - the lower ground commercial, and the first floor as residential.

The commercial tenancy houses Roberts Real Estate, a prominent Tasmanian real estate agency, who have occupied the property since 2013, who hold a current lease but will be vacating in August 2020. It offers excellent frontage to busy Rooke Street and is currently listed for lease, or is available to an owner-occupier if required.

The upstairs residential tenancy is a modern two-bedroom fit out; one of the best in the CBD. Currently tenanted, the property is kept in excellent condition and owing to it's condition, easy to lease when required. Parking and access for the first floor is via Rooke Lane at the rear of the property.

The building was constructed circa 1890, with the facade carefully refurbished and painted in recent years, and both commercial and residential spaces being renovated to modern spaces. It is neighboured by popular CBD businesses including Kathmandu, Cotton On, Target Country and Verona Cafe & Restaurant. The building is approximately 50m from the Rooke Street Mall and in the vicinity of the Living City precinct.

Southern Rooke Street recently benefited from a million dollar upgrade and refurbishment, creating increased parking spaces, new widened footpaths and the installation of seating and plants.

The property is listed for sale at $749,000, providing for a 7% yield on the current commercial tenancy and 5% on the residential component respectively. GST is not expected to apply.

Please contact Colin Rowlands at Halliwell Property Agents for further information or to arrange an inspection.

Contact

Colin Rowlands

Colin Rowlands

0418 333 394

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