Generational Freehold Investment in World Renowned Salamanca Leased to Rockwall Bar + Grill
Burgess Rawson and Knight Frank Tasmania are pleased to offer to the market, Rockwall Bar + Grill located at 89 Salamanca Place, Battery Point for sale via our Burgess Rawson Auction Investment Portfolio 158.
+ Secure 5 year lease to 2027 plus options to 2042.
+ Rockwall Bar + Grill: An iconic and highly regarded Tasmanian dining institution for over 15+ years.
+ Attractive annual CPI rent reviews.
+ Rare, landlord-favourable, net lease terms with tenant responsible for usual outgoings (including land tax and insurance) as per the lease.
+ 409sqm* beautiful Georgian Sandstone freehold building with modern capital intensive restaurant fit-out.
+ Set over three distinct levels featuring ground floor restaurant, first floor dining and second level apartment.
+ 304sqm* site with key frontage and exposure to sought after Salamanca Place.
+ Superbly located in the Salamanca Waterfront precinct, a tourist mecca with over 1 million*+ visitors per year.
+ Surrounded by some of Tasmania’s best accommodation, restaurants, bars and the famous Salamanca Market.
+ Within 1.5km of the University of Tasmania, home to over 24,500* domestic students- enrolments up 14% from FY2020*****.
+ Battery Point: Located just 600m from the Hobart CBD, Battery Point is one of Hobart’s most prestigious residential areas with a median house price of $1,451,000**.
+ Hobart: Tasmania’s administrative capital with a population of 250,000+* and 18.8% median house price growth in the last 12 months****.
+ Tasmania: Has lead the nation in key economic drivers 9 out of the last 10 quarters to January 2023 in CommSecs's State of the States report***
+ A minimal management investment.
+ Net Rental: $255,210pa + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 22nd February 2023
Crown Casino, Melbourne
*approx
**realestate.com.au
***commsec
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*****Utas
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