Positioned in a high-exposure location along Barossa Road, this unique mixed-use property presents an outstanding opportunity for investors seeking both immediate income and long-term upside. Comprising a ground-floor commercial shop with a spacious three-bedroom residence above, the property offers flexibility, scale, and untapped potential in a tightly held Glenorchy location.
The commercial component is well suited to a convenience store or takeaway operation, while also lending itself to a range of alternative uses (STCA). Whether reimagined as a boutique grocer, specialty food store, café-style offering or another community-focused retail concept, the space provides a strong foundation to create something truly compelling-particularly given the limited immediate competition in the surrounding area.
Above the shop sits a well-proportioned three-bedroom, one-bathroom residence, offering an additional income stream or future flexibility. Set on a substantial 1,166m² parcel of land with a total building area of approximately 255m², the property delivers scale that is increasingly hard to find in this location.
Currently leased to an excellent tenant until June 2028, the property returns approximately an estimated yield of approximately 7% per annum. Notably, the tenant pays all outgoings, providing a truly low-maintenance investment.
A major highlight is the generous on-site parking, with approximately 12 car spaces at the shop front, two additional off-street spaces, and potential for further expansion (STCA). A garage adds further storage and operational convenience. Positioned in a high-traffic area, the property enjoys strong visibility, excellent street presence, and easy access to Hobart, Moonah and Glenorchy-all within approximately five minutes.
Adding further appeal, a near-complete development of 15 units directly across the road is set to significantly increase local activity and demand, further strengthening the property's long-term commercial and residential appeal.
This is a rare opportunity to secure a versatile mixed-use asset with strong fundamentals, reliable income, and significant scope to unlock further value.
Key Features:
• Mixed-use commercial and residential property
• Ground-floor commercial shop with multiple potential uses (STCA)
• Three-bedroom, one-bathroom residence above
• Land size approximately 1,166m²
• Total building area approximately 255m²
• Zoned General Residential
• Leased until June 2028 with excellent tenant in place
• Returning approximately $6,200 per month
• Approximate 7% annual yield
• Tenant pays all outgoings
• High-exposure, high-traffic location
• Limited immediate commercial competition
• Approximately 12 on-site car parks plus additional off-street parking
• Opposite near-complete 15-unit development
• Approximately five minutes to Hobart CBD, Moonah and Glenorchy
Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy.
Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.
