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Glenorchy Plaza, 350-360 Main Road, Glenorchy, TAS, 7010

Properties / Buy / Tasmania / Glenorchy

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Knight Frank

Land Area

11,860 m² (*approx)

Floor Area

8726 m² (*approx)

Property Type

Retail

Sub-type

Shopping Centre, Mixed Use

Est. Income

$1,603,300 p/a

Fully Leased

Anchored by Big W (ASX: WOW)

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2. Property Highlights

Fully leased neighbourhood centre, anchored by Big W (ASX: WOW)

Significant turnover growth for Big W
Attractive mix of specialty tenants
Net income: $1,603,302* as at 1 Jan 24**

We are pleased to present for sale Glenorchy Plaza, a fully leased Big W anchored neighborhood centre.

This is your chance to secure a strategically positioned neighbourhood shopping centre in the vibrant retail hub of Glenorchy. The centre was opened in 2005 and has become a preferred shopping destination for residents in Hobart’s northern suburbs, with Big W turnover increasing significantly over the past four years.

The centre boasts 13 specialty tenancies including Radiology Tasmania and Hobart Pathology, and a mix of service retailers such as Flight Centre. The property benefits from being situated opposite the Woolworths anchored Glenorchy Central, and is a short walk from the Coles and Woolworths anchored Northgate Shopping Centre.

The property is being offered for sale considerably below replacement cost and with Tasmania’s growing economy and no new neighbourhood centre’s currently under construction in the Northern Suburbs, this is your chance to secure a fully leased investment with rental upside and minimal competition with the nearest DDS 4km* away.

For further information please contact the selling agents.

*approximate

**subject to lease execution

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Retail

Sub-type

Shopping Centre, Mixed Use

Est. Income

$1,603,300 p/a

Tenant

Anchored by Big W (ASX: WOW)

Land Area

11,860 m² (*approx)

Floor Area

8726 m² (*approx)

Selling Method

EOI

Selling Details

Contact Knight Frank

2. Property Highlights

Fully leased neighbourhood centre, anchored by Big W (ASX: WOW)

Significant turnover growth for Big W
Attractive mix of specialty tenants
Net income: $1,603,302* as at 1 Jan 24**

We are pleased to present for sale Glenorchy Plaza, a fully leased Big W anchored neighborhood centre.

For further information please contact the selling agents.

*approximate

**subject to lease execution

Remember to mention you found this property on CommercialReady

Glenorchy Plaza, 350-360 Main Road, Glenorchy, TAS, 7010 Glenorchy

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Elders Tasmania

5 Victoria Street, Hobart, Tasmania, Australia, 7000

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George Burbury

+61 *** *** *** show +61 408 333 523

Scott Newton

+61 *** *** *** show +61 409 186 261

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Glenorchy Plaza, 350-360 Main Road, Glenorchy, TAS, 7010