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SOLD

255 Kennedy Drive, CAMBRIDGE, TAS 7170

Properties / Sold / Tasmania / Cambridge

Development Potential

1. Property Summary

Property Type

Commercial, Industrial

Sub Type

Other

Land Area

3,366 m² (*approx)

Zoning

Light Industrial

Local Government

Clarence City

Selling Method

EOI: Contact Agents

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2. Property Highlights

Flexible self storage investment with plenty of future upside

100% occupancy rate in 2022
Opportunity for immediate rental uplift
Land Area: 3,366 sqm (approx.)

Knight Frank has the exclusive privilege to offer for sale an outstanding industrial investment for all investors and owner occupiers.

255 Kennedy Drive is situated on the northern side of Kennedy Drive, Cambridge approximately 13kms east of Hobart’s CBD and sits on a 3,366 sqm* land parcel. The property includes 66 individual shipping containers, fully leased for short-term storage on month-to-month arrangements with an estimated net annual income of $141,590 pa. Complimenting the property and containers are 6 x 42m3 small storage warehouses and a 162 sqm* warehouse which is currently owner occupied.

This property should be strongly considered by all savvy investors or owner occupiers, looking to secure a sought-after income producing asset with flexibility for significant rental uplift in the short to medium term, and future development potential.

255 Kennedy Drive, Cambridge is for sale by Expression of Interest closing Thursday 23 February at 4pm (AEDT).

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