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

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

Sandy Bay

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

Sandy Bay

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

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

Properties / Sold / Tasmania / Sandy Bay
Development Potential
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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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

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Development Potential

535 Sandy Bay Road Development Site Summary

Property Type
Commercial
Sub-type
Retail/Shopping Centre
Land Area
988 m² (*approx)
Residential
Local Government
Hobart City
Selling method
EOI: Contact Agent
EOI Closing Date
7 Mar 2024 04:00PM

Development Site 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

Read More
Development Potential

Finance Calculator

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

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Property Location of 'Telstra Exchange', 535 Sandy Bay Road, Sandy Bay, TAS 7005

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