Multi-tenanted suburban shopping complex with major development potential
441-445 Main Road, Glenorchy TAS 7010
EOI 04/06/24
RetailSize: n/a
Block size: 2160 m² approx.
Elders Commercial offer for sale for the first time in over 40 years, this premium corner shopping complex situated at 441-445 Main Road, Glenorchy.
This mixed-use, multi-tenanted property will appeal to numerous buyer sectors with its scope for significant short term rental growth, owner occupier potential and development options at lease expiry**. The property is situated on a substantial, high-profile allotment, on the corner of Main Road and King George V, and within the Glenorchy Commercial Strip which is home to the Woolworths and Coles anchored Northgate Shopping Centre, and Big W anchored Glenorchy Plaza.
Further key highlights of the property include;
Substantial 2,160sqm* corner allotment, in a prominent northern suburbs precinct
Diversified income streams, with scope for significant rental growth through upcoming market rent reviews and letting of the residential units
Annual increases in line with CPI, providing a hedge against inflation
High exposure to passing vehicle traffic
Major development potential for QSR, Fast Food, Childcare or medium format retail**
Dual access via Main Road and Innes Street
Zoning: Commercial under the Tasmanian Planning Scheme Glenorchy
Nearby businesses include Hungry Jacks, Shell, Woolworths, Coles, Big W, ZAP, National Storage, Services Australia
Net Passing Income: $72,632 + GST***
The property is for sale via Expression of Interest closing Tuesday 4th June at 4pm (AEST)
For further information or to arrange an inspection please contact Claude Alcorso or George Burbury
*approximately
** STCA
*** Before owner outgoings
This mixed-use, multi-tenanted property will appeal to numerous buyer sectors with its scope for significant short term rental growth, owner occupier potential and development options at lease expiry**. The property is situated on a substantial, high-profile allotment, on the corner of Main Road and King George V, and within the Glenorchy Commercial Strip which is home to the Woolworths and Coles anchored Northgate Shopping Centre, and Big W anchored Glenorchy Plaza.
Further key highlights of the property include;
Substantial 2,160sqm* corner allotment, in a prominent northern suburbs precinct
Diversified income streams, with scope for significant rental growth through upcoming market rent reviews and letting of the residential units
Annual increases in line with CPI, providing a hedge against inflation
High exposure to passing vehicle traffic
Major development potential for QSR, Fast Food, Childcare or medium format retail**
Dual access via Main Road and Innes Street
Zoning: Commercial under the Tasmanian Planning Scheme Glenorchy
Nearby businesses include Hungry Jacks, Shell, Woolworths, Coles, Big W, ZAP, National Storage, Services Australia
Net Passing Income: $72,632 + GST***
The property is for sale via Expression of Interest closing Tuesday 4th June at 4pm (AEST)
For further information or to arrange an inspection please contact Claude Alcorso or George Burbury
*approximately
** STCA
*** Before owner outgoings
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Claude Alcorso to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
2160 m²*
Other Details
Volume:
1
Folio:
246568
Legal description:
246568/1
Maps and area information
Block information
Block size: 2160m² (approx)
Legal description: 246568/1
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Enrolment areas for ACT public schools.
What's nearby
Glenorchy Primary SchoolPrimary School
0.1km
Cosgrove High SchoolHigh School
0.6km
New Town HospitalHospital
3.5km
Northcote Shopping CentreMajor Shopping Centre
0.3km
Guliford Young CollegeCollege
0.4km
Northern Suburbs Delivery CenPost Office
0.4km
Tafe - Goodwood CentreTafe
1.6km
Property history
We couldn't find any history for this property.
See Glenorchy's suburb profile
Glenorchy suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
37 years
Population
12,013
Listing ID: 182507323. This listing has been viewed 0 times. It was first displayed on 08/05/2024 and last updated on 17/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.