Unit 15/13-17 Castray Esplanade Battery Point TAS 7004

Burgess Rawson and Knight Frank Tasmania are pleased to offer to the market, Kosaten Japanese located at Unit 15/13-17 Castray Esplanade, Battery Point for sale via our Burgess Rawson Auction Investment Portfolio 167.

+ Long and 15 year lease through to 2036.
+ Kosaten Japanese: Game Changing modern Japanese restaurant with significant following across Tasmania and interstate with over 5 locations and more planned.
+ Assured rental growth through fixed 3.5% annual increases.
+ Rare, landlord-favourable, net lease terms with tenant responsible for usual outgoings (including land tax and body corporate fees).
+ Impressive and modern $750,000 state of the art fit-out.
+ 201sqm* strata area with key frontage and exposure to sought after Castray Esplanade and Salamanca.
+ Superbly located in the Salamanca Waterfront precinct, a tourist mecca with over 1.3 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 $2,200,000** with a huge 54.4% median house growth in last 12 months.
+ Hobart: Tasmania's administrative capital with a population of 250,000+* and growing.
+ Tasmania: Has consistently led the nation over the past 3 years in CommSec's state of the state report, currently number #1 in equipment spending.
+ A minimal management investment.

+ Net Rental: $123,736.93 pa + GST (June 2024)

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 27th March 2024
Crown Casino, River Rooms, Melbourne

Bidder registration required, register here.

Please contact the exclusively appointed sales team for more information.