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SOLD

13A Tasman Highway, Midway Point, TAS 7171

Properties / Sold / Tasmania / Midway Point

Development Potential

1. Property Summary

Property Type

Commercial, Mixed Use

Land Area

1,827 m² (*approx)

Zoning

Local Business

Local Government

Sorell

Selling Method

For Sale: For Sale by Expressions of Interest

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2. Property Highlights

Endless possibilities await - prime commercial development property on busy highway

Short term rental growth
Premium development site
Substantial 1,827sqm* corner allotment

Knight Frank presents to the market for the first time in 32 years 13A Tasman Highway, Midway Point an incredibly rare, high exposure corner site, ripe for mixed use or commercial development (STCA), with holding income.

The regular shaped site has outstanding water views and lends itself to development of mixed use residential/commercial, Fast Food, Fuel, Convenience and Retail / Showroom, to name a few.

The site has a passing net income of $85,763* and is fully tenanted to Choices Flooring, St Vincent De Paul, a Hairdresser and a separate building currently utilised as office, with vary lengths of lease. The tenants have benefited from the incredible street presence and exposure to passing traffic, with over 19,000* movements per day.

This property should be strongly considered, as an opportunity to secure a substantial, suburban development site, in one of Hobart’s key growth corridors.

For further information or to arrange an inspection please contact the exclusive selling agents.

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