Summary
- Property Type
- Business
- Contract Type
- For Sale
- Location
- George Town
- State
- Tasmania
- Price
- Offers over $799,000
- Category
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Premium Passive Investment Site With Established Tenant Harcourts and A Cafe Nth Tasmania
Offers over $799,000
97-99 Macquarie Street, George Town, Tasmania
Premium Passive Investment Site With Established Tenant Harcourts and A Cafe Nth Tasmania
Call To Arms High Exposure LocationSecure a standout passive investment in the heart of George Town, offering a strong gross yield of approximately 7.09% and rental income of approx. $56,764 per annum from two established tenants.
Positioned in a high-exposure location, this property sits at the forefront of the town's evolving commercial landscape. With ongoing subdivisions and new developments in the area, George Town continues to growmaking now an ideal time to invest and benefit from future upside.
The current owners have completed extensive capital improvements, providing added confidence and reduced near-term expenditure, including:
Recently installed grease trap
Rebuilt rear wall
Roof replacement
Ducted air conditioning servicing the office area
Set across two separate titles, the property offers flexibility and future potential to sell individually or maximise value.
Property Highlights:
Land Size: Approx. 278sqm
Floor Area (Harcourts Office): 126sqm
Floor Area (Café): 91.5sqm
Established tenant providing immediate passive income
Gross Yield: Approx. 7.09%
Annual Rental Income: Approx. $56,764
Zoning: General Business
Opportunities combining secure income, strong yield, and future flexibility are rarely offered to market.
Enquire today to secure this exceptional investment.
Contact Paul Scott 0477771098 or email pauls@businessbrokersnetwork.com.au or Praveen Pant 0432 256 682 INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Please Note: All figures quoted are approximate, some photos are generic
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Last updated: 15th April 2026
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Business Brokers Network
Contact
Paul Scott
Business Brokers Network- 0477 7....
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