Secure and Long 15 year lease in Prestigious Salamanca

Burgess Rawson and Knight Frank Tasmania are pleased to offer to the market, Kosaten Japanese located at Unit 15/13-17 Castray Esplanade, Battery Point for sale via our Burgess Rawson Auction Investment Portfolio 159.

+ Long and Secure 15 year lease through to 2036.
+ Kosaten Japanese: Game Changing modern Japanese restaurant with significant following across Tasmania and interstate with over 5 locations and more planned.
+ Assured rental growth through fixed 3.5% annual increases.
+ Rare, landlord-favourable, net lease terms with tenant responsible for usual outgoings (including land tax and body corporate fees).
+ Impressive and modern $750,000 fit-out
+ 201sqm* site with key frontage and exposure to sought after Castray Esplanade and Salamanca.
+ Superbly located in the Salamanca Waterfront precinct, a tourist mecca with over 1.3 million*+ visitors per year.
+ Surrounded by some of Tasmania’s best accommodation, restaurants, bars and the famous Salamanca Market.
+ Within 1.5km of the University of Tasmania, home to over 24,500* domestic students- enrolments up 14% from FY2020*****.
+ Battery Point: Located just 600m from the Hobart CBD, Battery Point is one of Hobart’s most prestigious residential areas with a median house price of $1,451,000**.
+ Hobart: Tasmania’s administrative capital with a population of 250,000+* and 18.8% median house price growth in the last 12 months****.
+ Tasmania: Has led the nation in key economic drivers 9 out of the last 10 quarters to January 2023 in CommSecs’s State of the States report***
+ A minimal management investment.

+ Net Rental: $119,551pa + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, River Rooms, Melbourne