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Telegraph Hotel, 19 Morrison Street, Hobart

Hobart

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Telegraph Hotel, 19 Morrison Street, Hobart

Properties / Buy / Tasmania / Hobart

Tenanted Investment

Selling Method

Expression of Interest

Selling Details

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Land Area

349 m² (*approx)

Floor Area

994 m² (*approx)

Property Type

Retail

Sub-type

Pub/Bar/Nightclub

Terms

10-year lease

Est. Income

$500,000 p/a

Zone

Mixed Use

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Blue-Chip Waterfront Investment | 10 Year double net lease to AVC

Trophy Asset
Salamanca's only rooftop terrace bar
Excellent depreciation upside

RWC Tasmania and HTL Property are proud to jointly market this once in a generation, "tier 1" investment. Providing investors the opportunity to secure a true landmark waterfront hospitality asset in Hobart's coveted Salamanca precinct.

Key Property Highlights
+ Anchored by Australian Venue Co (AVC) on a brand new 10-year lease plus options.
+ Net Income: $500,000 p.a. + GST, (tenant pays all outgoings)
+ Extensive $5 million+ refurbishment completed in 2021
+ Features the only rooftop bar in this heritage listed precinct
+ Single tenant freestanding investment leading to ease of management
+ High-profile corner location on a 349sqm* within 'Mixed Use' zoned site
+ Recent increases in building costs have made great barriers to entry for this asset class
+ Hobart is set to capitalise on the recently announced & nearby $1.1B Macquarie Point Stadium
+ AVC is Australia's largest owner of non gaming pub operations with 200 plus venues nationally

This spectacular asset is home to AVC's sole and flagship Tasmanian operation, making not only the location irreplaceable but the lease covenant equally valuable.

*Approximate