535 Sandy Bay Road, Sandy Bay TAS 7005

Knight Frank is 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, commercial, 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).