In a highly sought-after location, a unique property in Battery Point with ‘with immense potential for development and investment’ has been listed for sale.
The property, known as Muir’s Boatyard Complex, includes 2405sqm of prime waterfront land zoned as “Battery Point Slip Yards” and boasts long-term leases from the Hobart City Council as well as a Crown Lease covering an extra 1,114sqm of water and slipway.
Knight Frank say the iconic complex is being sold “subject to existing leases”, with approximately 84% of the complex currently providing a good level of income.
“[There is the] potential for growth in the short term whilst there is also opportunity for owner occupiers to occupy part of the site immediately,” the listing reads.
“The marine related zoning is extremely rare, particularly on the doorstep of Hobart’s CBD and the Royal Yacht Club of Tasmania and the Derwent Sailing Squadron and is a tightly held and convenient maritime precinct.”
“Purchase this leasehold interest as a straight investment with rental upside, part owner occupation, or future re-development, this extraordinary waterfront opportunity has it all.”
18-44 Napoleon St, Battery Point is for sale through an expression of interest process, with the deadline set for July 20 at 4pm.
