Income Producing Asset with Long-Term Development Upside

RWC Tasmania presents 184 New Town Road, New Town, a mixed-use investment offering four established income streams in one of Hobart's niche commercial pockets. The property comprises three ground floor retail tenancies and a first-floor residential unit with prominent frontage to one of Hobart's busiest arterial roads. Adding to the holding income is approximately 600sqm* of undeveloped land at the rear, zoned 'Urban Mixed' use and offering future commercial or residential development potential (STCA)^.

Key Property Highlights Include:
+ Three established retail tenancies providing diversified rental income
+ First floor residential unit generating additional holding income
+ Total site area 1,106sqm*, gross building area 316sqm*
+ Net commercial income of $66,506.67* per annum
+ Residential unit returning approximately $27,300* gross per annum
+ High-profile New Town Road location with outstanding exposure
+ Proximity to Woolworths, Hobart City High School and New Town Plaza
+ Well-maintained mixed-use dual level building with strong tenant retention
+ Flexible investment suitable for passive investors and developers (STCA)^

184 New Town Road presents an outstanding opportunity to secure a blue-chip mixed-use investment with immediate income, long-term holding appeal and future value-add potential.

For further information or to arrange an inspection, please contact the undersigned agents.

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