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SOLD

3 Stoke Street, NEW TOWN, TAS, 7008

Properties / Sold / Tasmania / New Town

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

For Sale by Expressions of Interest

Land Area

1,034 m² (*approx)

Floor Area

283 m² (*approx)

Property Type

Retail, Child/Healthcare

Sub-type

Health Care & Medical, Mixed Use, Consulting Rooms

Terms

3-year term plus 3-year option with lease expiry being either 18 February 2026 or 18 February 2029

Est. Income

$83,719 p/a

Fully Leased

Partnered Health

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2. Property Highlights

High profile medical freehold on large 'Inner Residential' zoned land parcel

Future development potential^
North facing 2 storey building
Estimated net income: $83,719 plus GST

Knight Frank present to the market this high-profile freestanding GP practice in the sought-after suburb of New Town. The property comprises a large land holding offering potential for future development or expansion^.

The property is leased to Partnered Health, trading as 'General Practice Plus' – one of Hobart’s most successful and well-known GP businesses with six clinics in Southern Tasmania.

The Tenant has recently committed to a 3-year term plus 3-year option with lease expiry being either 18 February 2026 or 18 February 2029.

Partnered Health are one of Australia’s leading health groups with over 115 clinics throughout Australia and New Zealand*.

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

^ STCA

*Partnered Health Website

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