This article is from the Australian Property Journal archive
A FREEHOLD retail and serviced apartment hotel at Hobart has sold for $2.956 million on a yield of 6.59%.
The 15-10 Elizabeth St Hobart property was sold by Knight Frank’s Scott Newton and Matthew Wright.
The heritage listed property comprises a total building area of 807 sqm and includes two ground floor retail tenancies and seven apartments leased to Quest, on 900 sqm site, returning a net income of $195,000 p.a.
Australian Property Journal
