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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