The iconic Margate Train has been put up for sale, presenting a rare opportunity for investors to own a cherished landmark of southern Tasmania!
Home to a collection of shops, food outlets, and community spaces, the Margate Train is a well-known tourist attraction near Kingston – south of Hobart.
The Margate Train has been listed for sale by real estate firm Knight Frank, with expressions of interest closing on March 23.
The property is expected to fetch a multimillion dollar sale price, reflecting its unique value to the local community and visitors alike.
The Margate Train is currently leased to twelve separate tenants, including the famous “Pancake Train” restaurant, the popular “Carpet Junction” and “Beds R Us” stores, as well as boutique clothing and bric-a-brac offerings, a barber, and a second-hand and antique emporium.
The property is not only a retail destination but also a significant cultural asset. It is a community hub, a playground for children, and a place for locals and tourists alike to come together and enjoy the unique atmosphere of the Margate Train.
“Ample onsite car parks make it easy for visitors to enjoy the retail offerings and community events that take place throughout the year,” said a Knight Frank spokesperson.
“The Margate Train is a destination in its own right and is a significant asset for the local community.”
