George Town Woolworths sells at $4.95 million

George Town Woolworths sells at $4.95 million
George Town Woolworths sells at $4.95 million

Marketed as Australia's most affordable Woolworths, Burgess Rawson have secure the sale of the George Town, Tasmania premises for $4.95 million at recent auction.

The 8 Bathurst Street, George Town tenants come with an established lease with 20 + 10 year lease through to 2042. 

The rent is $336,682 pa.

The 1978 square metre Woolworths at 8 Bathurst Street, George Town has been described as a "consistent and progressively performing investment" with a captive trade catchment. 

The single tenant offering has minimum management investment with income tax saving depreciation. 

George Town is described as a residential and service centre for major industry including Bell Bay Aluminium generating a 1,500 workforce. 

George Town is a large town in north-east Tasmania, on the eastern bank of the mouth of the Tamar River. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Investment Retail Property

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?