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'Telstra Exchange', 535 Sandy Bay Road, Sandy Bay, TAS 7005

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+8 Photos

SOLD

'Telstra Exchange', 535 Sandy Bay Road, Sandy Bay, TAS 7005

Properties / Sold / Tasmania / Sandy Bay

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Retail/Shopping Centre

Land Area

988 m² (*approx)

Zoning

Residential

Local Government

Hobart City

Selling Method

EOI: Contact Agent

EOI Closing Date

7 Mar 2024 04:00PM

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2. Property Highlights

Rare Sandy Bay conversion opportunity - leased to ASX listed tenant

Superb, high profile location
Attractive triple net lease - ASX tenant
Holding income: $70,000 + outgoings +GST

We are pleased to offer for sale, this superbly located, tenanted investment with future re-development capabilities, situated in Sandy Bay's 'Golden Mile'.

The 'Telstra Exchange' 535 Sandy Bay Road, is located approximately 3.5km South-east of Hobart's city centre, within the prestigious bayside residential suburb of Sandy Bay. The surrounding properties include a mix of residential, commerical, early learning childcare and private schools.

The property is currently occupied by ASX listed tenant - Telstra Corporation Ltd, who will leaseback the property for $70,000 + all outgoings + GST on a minimum 2.5 year term.

The property provides an outstanding opportunity for future redevelopment for either residential conversion, commercial or Hospitality (STCA).

Remember to mention you found this property on DevelopmentReady