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Knight Frank is pleased to offer for sale on an exclusive basis this versatile and well-presented property, located in tightly held Kingston commercial precinct, fronting busy Channel Highway.
The location has a favourable ‘inner residential’ zoning, with a total area of 727sqm* providing fantastic development scope to capitalise on Tasmania’s housing shortage.
The building comprises an open plan retail area, three offices, various storage areas, amenities and 6 off-street parking spaces, with a gross building area of 152sqm*.
The property is currently occupied by long term tenant ‘Bunches Florist’ with the lease expiring 31st August 2025 and a passing net income of $29,083 per annum* + GST and no further options, appealing to investors, future owner occupiers and residential developers.
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