349 Elizabeth Street, North Hobart, TAS 7000

  • 402 sqm

For sale

By Expressions of Interest

SUPERIOR NORTH HOBART INVESTMENT - FULLY LEASED

CENTRAL CORNER POSITION ON THE STRIPNEW 7 YEAR LEASE

• High exposure corner position in the heart of the iconic North Hobart restaurant-retail strip. Less than 1.5km from Hobart CBD.

• Part two storey building (402m² approx) configured as a stylish ground floor restaurant-bar (extensively refurbished 2019) and versatile first floor accommodation with separate Elizabeth street access.

• Existing Planning Permit to redevelop the upper level building and deck area as a separate bar.

• Fully leased as one tenancy with popular food & beverage venue “Lizzie & Lefroy” operating from the ground level.

• New 7 year lease just commenced – Rental $155,000 per annum plus outgoings.

• A rare opportunity to secure a high calibre investment in this tightly held restaurant-retail strip.

For Sale By Expressions of Interest closing Tuesday, 17th August 2021 at 3.00PM

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Property Info:
  • Property ID: L12009276
  • Property Type: Retail
  • Building / Floor Area: 402 sqm
  • Land Area: 399.0 sqm