Freehold property sale George Town Blank Canvas Potential Cafe Bakery Restaurant Retail O/O $299,000
Rare Freehold Commercial Opportunity George Town, Tasmania
An excellent opportunity to secure a freestanding commercial property in the heart of George Town ideal for investors or owner-operators alike.
Zoned General Business, this solid double-brick premises has been home to the well-known Oven Bakery for over 40 years. Currently operating just 4 days per week as a semi-retirement venture by the landlord, the site presents untapped potential for new business activity.
Built in the 1970s, the building enjoys strong street presence, high visibility to passing traffic, and ample on-street parking. It's well-suited for a bakery, café, restaurant (STCA) or any retail business.
Property Highlights:
Freestanding double-brick building on a prominent site
Zoned General Business versatile usage (STCA)
Estimated rental income: $365$400 per week
Potential net yield of over 6%
Seating for approx. 1215 customers
Indoor space includes:
1x split system air conditioner
NBN connected
3-phase power
1x walk-in cool room
Commercial-grade vinyl flooring
Outgoings:
Council Rates: $1,419 p.a.
Water Rates: $574 per quarter
Building Insurance: $4,085 p.a.
This is a smart buy for anyone seeking an affordable entry into commercial property ownership, or a great addition to an existing portfolio. With strong rental appeal and future growth potential, opportunities like this are becoming harder to find.
Property is being sold on a walk in walk out basis or as a vacant building, depending on the price offered.
Act fast contact us today for more information or to arrange an inspection.
For further information or to arrange an inspection, please contact: Paul Scott
For more details, please email broker or call agents.
