? 38-40 Cambridge Road | Edwards Windsor Real Estate
Commercial - Sale

$1,545,000

Floor Area 507
Land Area

The Jewel of the Eastern Shore

Edwards Windsor have been appointed to offer for sale 2 separate strata properties, one as an established licensed restaurant (currently tenanted as Three Little Ducks) and the second being a two bedroom apartment, located within the Bellerive Village, overlooking Kangaroo Bay, on the eastern shore of Hobart. The two properties have frontage to Cambridge Road and Victoria Esplanade, (Bellerive Boardwalk), within a strong and improving commercial location. 38 Cambridge Road: The ground floor tenancy and currently a licensed restaurant, is leased at a rental of $64,995 net (exclusive of GST) per annum, plus outgoings, with the lease expiring in April 2021. 40 Cambridge Road: The first floor tenancy and a 2 bedroom apartment, is subject to a monthly tenancy arrangement, at a rental of approximately $317 per week. The licensed restaurant, which is accessed directly off Cambridge Road, has a seating area for approximately 80-100 patrons and incorporates a commercial kitchen, a dry store, cool store, separate male and female toilets, disabled toilet and an external seating area adjacent to the Cambridge Road footpath. The 2 bedroom residential apartment on the first floor comprises a kitchen, dining room, laundry; two bedrooms, a third bedroom or living area and a bathroom. This is your opportunity to take advantage of this offer and secure 2 properties that have variety of opportunities: • Investment • Owner Occupation • Development opportunity Please call now for further information