Unit 1 / 94 Grove Road
Glenorchy TAS 7010
$5,350,000
Strong Income, Secure Lease – Premium Location
Elders Commercial has the exclusive opportunity to offer for sale Unit 1, 94 Grove Road, Glenorchy, Tasmania.The property is situated in a well-established mixed-use area, approximately 10 kilometres northwest of the Hobart CBD with excellent access via the Brooker Highway.
Key highlights of the property include:
+ Strategic location with a flexible light industrial zoning
+ National award-winning dealership - Tas Hino regional dealer of the year - President's Award
+ Proximity to Brooker Highway and main arterial road network
+ Large mixed-use main building with a gross lettable area of 2,674* sqm (1,488* sqm Showroom – 1,186* sqm Warehouse)
+ Ancillary workshop and store comprising an additional 774* sqm gross lettable area
+ 34* designated on-site parking spaces
+ Lease with Tas Trucks – Statewide transport and materials handling sector
+ Tenant locations in Greater Hobart, Launceston and Devonport servicing the entire State
+ 3.50* Yr WALE expiring 31-July-2028
+ 1 x 5 Yr option to July 2033
+ Greater of 3% or CPI annual increases
+ Net income: $342,709* pa** as at 31 July 2025
Contact George Burbury or Cale Ayres to discuss further or arrange an inspection.
*Approximately
**Before owner outgoings
Features
General Features
- Land Area: 8,492sqm
- Commercial Type: Industrial/Warehouse
- Building Area: 3,448sqm
- Zoning: Light Industrial
Can I afford Unit 1 / 94 Grove Road?
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