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Knight Frank has the exclusive opportunity to offer for sale 248-250 Argyle Street, Hobart a high-profile commercial asset, with development potential**.
The property is a prominent two-storey, art deco building. Constructed circa 1948 and located on a key corner within a popular mixed-use area, and a stones throw from the iconic North Hobart restaurant precinct.
The site is zoned ‘Commercial’, with a total area of 733sqm* and is currently occupied by ‘Motorworks Motorcycles’ on a 5 year lease expiring 31st May 2026 with a passing net income of $103,590 per annum + GST and no options, appealing to owner occupiers.
The building includes a showroom, offices, workshop, with a separate external workshop space and off-street parking. There is extensive storage on the first floor, which was previously used as a residential apartment and could be refurbished to its previous use**.
This is your opportunity to secure a fantastic fringe CBD asset, leased to a strong tenant with future development potential.**
Remember to mention you found this property on CommercialReady
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