Mercury (Hobart) - Property
349 ELIZABETH STREET
PRICE: FREEHOLD FOR SALE BY EXPRESSIONS OF INTEREST, CLOSING 3PM AUGUST 17 BUILDING SIZE: 402SQ M
LAND AREA: 399SQ M
ANNUAL RENT: NEW 7 YEAR LEASE $155,000 AGENT: RAINE & HORNE COMMERCIAL REFER LESLIE SIMPSON 6231 0000 REALCOMMERCIAL.COM.AU ID: 503875850
NUMBER 349 Elizabeth Street is a prized, fully leased commercial freehold located in the heart of the North Hobart’s retail and restaurant strip.
The ground level comprises a contemporary 120-seat restaurant and bar, significantly refurbished and rebranded at considerable lessee expense in 2019.
This level has operated continuously as a restaurant or restaurant and bar since 2005, initially as FISH 349 and more recently as Lizzie & Lefroy.
Dining and drinking areas are located along the eastern side of this level, while the main bar area, commercial kitchen, cool rooms, dry store and external loading dock are along the western side and rear.
The first floor has four main rooms and an annex with a kitchen, bathroom, toilet and entrance foyer. A large timber deck provides views of Mount Wellington and over the vibrant street activity below.
This two-storey building was built in 1910, with subsequent extensions over the years.
The setting is a high exposure corner position in the centre of a vibrant and tightly held commercial strip.
The property is offered subject to a new seven-year lease over the whole building.