Montrose

493 Main Rd, Montrose TAS

03 6273 5555

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40 High St, New Norfolk TAS

03 6261 2555

Hobart

141 Murray St, Hobart TAS

03 6231 0400

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INVESTMENT OPPORTUNITY

INVESTMENT OPPORTUNITY

Property ID: 821585

ROSS 31 Church Street

For Sale $730,000

Prime tourist investment in Iconic Tasmanian Bakery Business. Five year lease with two further options to extend.

Achieving an annual rent of $58,400 pa. plus GST plus outgoings provides a yield of 8% pa.

Bakery 31 is home to the famous Tasmanian Scallop Pie Company and not only is a visiting location for tourists it also boasts a strong regular and repeat customer base.

Large 234m2 premises consists of a cafe, dining x2 =, kitchen, servery, storage, display, 1 bedroom apartment upstairs & toilets.

A sound investment for someone seeking something different. Well maintained premises, ideally suited to the bakery and hospitality sector.

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Open for inspection times

Suburb Profile

Median House Price

293500

Suburb Growth

17%
Peak Sale Month - April
Peak Sales - 2