51A Main Road, Moonah TAS 7009

* Fully let mixed-use investment
* Potential to strata subdivide (STCA)
* Live in income generating property

Knight Frank Hobart is pleased to present the opportunity to acquire a commanding freehold property in a tightly held commercial precinct of greater Hobart. Approximately 5km from the Hobart CBD the building is well positioned within the Moonah Commercial Strip, surrounded by national retailers and only minutes' walk from Moonah Central Shopping Centre.

The property is split over two levels plus rooftop and features ground floor retail space currently leased to Hair Sanctum, a beautifully presented three bedroom apartment on the first floor and a rooftop benefiting the apartment with 360 degree views. The flexible 'General Business' zoning gives purchasers the option for potential alternative uses including medical, office and substitute mixed-use options (STCA). The apartment component of the property is being sold with a 6 month leaseback, presenting the building as fully leased with an estimated gross income of $54,600 p.a.

The central location of the property and being near the Moonah commercial strip suggests sustained growth for the asset as Moonah continues to become a recognised neighbourhood commercial precinct.

The property is being offered by way of a Public Expressions of Interest campaign closing at 4:00pm (ADST) Tuesday 15th December 2020.