20-22 Francis Street
Battery Point TAS 7004
For sale by offers over $2,000,000
Rare Battery Point Freehold Investment in Iconic Dining Precinct
20–22 Francis Street, Battery Point presents a rare opportunity to acquire a fully leased, dual-tenancy investment in Hobart’s premier dining precinct. Positioned in the heart of historic Battery Point, the property enjoys strong pedestrian traffic, excellent visibility, and enduring heritage appeal.Generating a net income of $111,045 per annum* with a WALE of 4.2 years*, it is leased to two established tenants. Occupying a prominent corner site just 500m* from Salamanca and 1 km* from Hobart CBD, this proven hospitality destination offers a long-term investment and capital growth potential.
Key Highlights:
• Situated in Hobart’s most historic and sought-after dining precinct with high pedestrian and tourist traffic.
• Generates $111,045* net income per annum, underpinned by two established hospitality tenants.
• Elevated position with dual street frontage, enhancing visibility and access. Includes an upper-level sundry space equipped with modern amenities.
• Weighted Average Lease Expiry supported by two 5-year net leases with options.
• Flexible planning designation under the Tasmanian Planning Scheme allows for diverse future uses.
• Over 40 years of consistent commercial activity in the precinct supports long-term investment confidence.
• Just 500m* from Salamanca and 1km* from Hobart CBD, with proximity to major amenities and transport links.
For Sale by offers over $2 million.
To arrange an inspection, contact Scott Newton or James Black.
*Approximate
Features
General Features
- Land Area: 389sqm
- Commercial Type: Retail
- Building Area: 389sqm
- Zoning: Urban Mixed Use
Can I afford 20-22 Francis Street?
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