Unit 1/94 Grove Road Glenorchy TAS 7010

Elders Commercial has the exclusive opportunity to offer for sale Unit 1, 94 Grove Road, Glenorchy, Tasmania.

The property is situated in a well-established mixed-use area, approximately 10 kilometres northwest of the Hobart CBD with excellent access via the Brooker Highway.

Key highlights of the property include:
+ Strategic location with a flexible light industrial zoning
+ Proximity to Brooker Highway and main arterial road network
+ Large mixed-use main building with a gross lettable area of 2,674* sqm (1,488* sqm Showroom 1,186* sqm Warehouse)
+ Ancillary workshop and store comprising an additional 774* sqm gross lettable area
+ 34* designated on-site parking spaces
+ Lease with Tas Trucks Statewide transport and materials handling sector
+ Tenant locations in Greater Hobart, Launceston and Devonport servicing the entire State
+ 3.50* Yr WALE expiring 31-July-2028
+ 1 x 5 Yr option to July 2033
+ Greater of 3% or CPI annual increases
+ Net income: $332,727* pa**

The property is to be offered by Expressions of Interest closing 4pm (AEDT), Thursday, 13 March 2025.

Contact George Burbury or Cale Ayres to discuss further or arrange an inspection.

*Approximately
**Before owner outgoings