219 Argyle Street North Hobart, TAS 7000

RWC Tasmania has been appointed to sell 219 Argyle Street, North Hobart, a freehold industrial warehouse/office property on one of Hobart's best-known bulky goods retail strips. Neighbouring brands include Nissan, Toyota, Mercedes-Benz, Porsche, Volvo, Battery World, Repco and Waynes Car Sales.

The site spans 928sqm* and comprises a 152sqm* front office building and a 444sqm* rear clear span warehouse, complete with a fully operational paint bake oven. The property is currently partially leased to Victory Blinds on a gross lease returning $27,600* per annum plus GST, with the balance of the improvements available to an incoming owner occupier. The existing lease is due to expire on 8 April 2027, subject to a further one year option to 8 April 2028.

This presents a clear pathway to full occupation for an owner-occupier, as well as genuine redevelopment potential for a developer, subject to council approval (STCA).

Property Highlights
+ Freehold site of 928sqm* with 672sqm* of improvements
+ Comprising a 172sqm* front building and 459sqm* rear warehouse
+ Partially leased to Victory Blinds at $27,600* pa + GST (Gross Lease)
+ Lease expiring 8 April 2027, with a further 1 year option to 8 April 2028
+ Fully operational paint bake oven and three-phase power
+ Warehouse has 5m* internal clearance with two manual roller doors
+ Zoned 'Commercial', Tasmanian Planning Scheme - Hobart
+ Surrounded by national and international automotive and trade operators

For further information or to arrange an inspection, contact the exclusive marketing agents.