• Net return of approximately $442,513, or 6.05% net yield (3% property management)<br>• High profile dual tenanted site on likely the densest commercial strip in Tasmania, with significant traffic volumes<br>• Dual street frontage enables diversification via 2 tenants<br>• Well established tenants who have been on site a number of years and operating successfully<br>• There is strong existing demand by both local and national tenants for this prime location, which supports raising rents to market level at the market review<br>• Excellent development potential, with the zoning supportive of a great variety of uses, further supported by being part of a major growth corridor of Hobart. The location has been recently earmarked for ‘apartment development’<br>• Tenant pays all outgoings. This includes recoverability of property management from the anchor tenant, representing immediate upside<br>• Large land holding under pinning long term capital growth, only approx. 5km from the CBD<br>• Future capital growth upside potential by adjusting rent to market (comparables suggest the asset is significantly under rented by at least 90%)<br>• Great discount secured off market, providing an excellent return relative to an asset with such strong upside potential (6.05% is a strong yield for an asset with such upside)<br>• Located in the capital city of Hobart, within the state of Tasmania. Tasmania has outperformed all other states consistently over a number of years<br>