29 Main Road, Claremont, Tas 7011

UNDER CONTRACT

Strategically positioned in the heart of Claremont’s busy retail precinct, 29 Main Road, Claremont provides a rare opportunity to acquire a multi-tenanted commercial retail investment in an area with steady population growth supported by new housing subdivisions; a recently approved $150m tourism development at the nearby historic Cadbury site; and the completion of the Claremont Park and Ride facility.

This four-shop retail complex spans three strata titles, and includes Claremont Newsagency & LPO, Serene Massage, Shokuji Japanese Restaurant, and Omni Prosthetics. 

Built in 2005, the property has a land area of 1,500 m2* and a building area of 477 m2* with three under-building garages and a workshop (160 m2*) with parking for 11 cars and zoned General Business under the Tasmanian Planning Scheme.

This zoning designates Tasmania’s main suburban and rural centres for commercial, professional, and community use while preserving the activity centre hierarchy. It strictly prioritizes vibrant pedestrian environments by encouraging active, engaging ground-floor street frontages.

Located on a busy intersection in the centre of the shopping area next to the Claremont Plaza Shopping Centre and the Claremont Chemist and Medical Centre, 29 Main Road, Claremont is approximately 15 kilometres from the Hobart CBD or just under 20 minutes’ drive.  It is approximately 26 minutes’ drive to Hobart Airport.  

Key investment highlights:
-	Net income - $159, 500 per annum excluding statutory outgoings and GST;
-	Annual increases – 3% per annum for the four shops;
-	Additional revenue from an ATM; Claude Neon signboard and tenant garages;
-	Weighted Average Lease Expiry (WALE) – 2.75;
-	Net leases with recoverable statutory outgoings;
-	Tenant history - Claremont Newsagency & LPO - 2005, Serene Massage - 2009, Shokuji Japanese Restaurant - 2018, and Omni Prosthetics – 2026.

For further information, please contact Kingsley Wallman on 0421 685 820 or kingsley.wallman@naiharcourts.com.au

* Approximately