CBRE from CBRE is delighted to offer to the market San Churro, Battery Point for sale via private sale.

The property has the following investment highlights:

+ New 10 year lease to 2034 plus one (1) further option of five (5) years
+ San Churro: established in 2004 with 70 stores nationally
+ CPI + 1.0% annual rent reviews, assuring income growth
+ Investor preferred net lease terms with the tenant responsible for usual outgoings including land tax
+ Modern & well-presented 127sqm* retail shop with recent fit-out to San Churro’s latest layout and design
+ Strategic holding in premier hospitality precinct Salamanca Square
+ Booming Hobart Tourism: visitors contribute over $1 billion annually to Hobart’s economy
+ Salamanca Market is Tasmania’s most visited tourist attraction, drawing over 800,000 to 1 million visitors annually
+ 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 $1,400,000
+ City of Hobart: Robust and steady economy worth $9.15 billion in gross regional product
+ Net Income: $132,700 pa* + GST

For sale via private sale

* Approx