Commanding a high exposure position in the absolute heart of St Helens' retail precinct, this modern, well maintained property has been purpose built to maximise street frontage and capture constant foot traffic. Free public parking sits directly at the door, with multiple council car parks just metres away and allocated parking for staff.
Currently configured as quality retail/office tenancies with two secure, long term leases in place, plus a smaller, versatile sub lease opportunity available for the right occupant, the property delivers reliable income today with the potential of a further $7500 + GST.
INVESTMENT HIGHLIGHTS -
Strong income:
Currently grossing $61,000 + GST + all outgoings, 5.5% gross yield.
Tenancy mix:
Two established, long standing tenants;
Additional sub-tenancy available which will further increase returns
Floor area:
Approx 500 m² combined floor area
- 350m2 retail
- 100m2 office
- 50m2 amenities
Profile & access:
Exceptional street presence, built to maximise the 16m main street frontage;
Customer parking at the door
Condition:
Modern presentation & very well maintained
Location:
Unbeatable central retail position with strong, consistent foot traffic.
A rarity in this tightly held strip, this is a solid, income producing investment with genuine scope to enhance returns via the available sub lease. Proven tenancies in place and consistent yield.
Tasmania welcomed approximately 1.35 million visitors last financial year, with a spend of $3.601 billion. The East Coast captured a large percentage of this, and continues to do so, year on year, with its pristine waterways, white sandy beaches, fresh oysters and sparkling wines. For sporting enthusiasts, the undisputed jewel is the St Helens Mountain Bike Park, linking to the world-famous Blue Derby MTB park, via the Blue Tier to Swimcart Beach Bay of Fires Mountain Bike Trail. Did we mention that the zoning on this potential triple income property allows for shop top accommodation (STCA)? This property is great right now, as it is, but the future potential is unparalleled.
Information Memorandum available to interested parties. Inspections by appointment to respect tenant trading-contact Heidi Howe and her team at Harcourts St Helens to arrange a time convenient for all parties.
PROPERTY INFORMATION:
Land size: 524m2
Building size: approx 500m2
Built 1962 with renovation and further construction approx 2015
Zoned General Business
Harcourts St Helens has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.
Added 12 November, 2025
Property ID: #L20504698
