Located on the corner of Macquarie & Sorell Sts, in the center of George Town’s business precinct this property is a fantastic entry level commercial investment and underpinned by existing lease to long term tenant Commonwealth Bank.
This high exposure corner site also holds great potential for future development (STCA) with existing buildings only taking up 280m2 of a total lot size of 1,254m2.
The George Town municipality has been a hive of activity over the past several years from the development of over 100km of tourism aligned mountain bike trails through to talks of massive private and government investment in green energy projects in Bell Bay. There has also been a substantial uptick in residential development seen in the township to support its growing population.
This property a fantastic opportunity to invest in this growing location, with the benefit of sound holding income.
- Prime location in main commercial strip
- High profile corner site
- Leased to Commonwealth Bank
- Annual net rent $30,330
- 700m2 of balance land at rear of property
- Zoned 15.0 General Business
For more information on this property please contact Andy or Ben at Howell Property Group.
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
