Set in the heart of Ulverstone’s CBD, 10 Reibey Street presents a rare opportunity to secure a freehold property with both commercial and residential components in one of Tasmania’s most popular coastal towns.
The property comprises a ground floor retail tenancy of approx. 110m², currently leased to a hair salon. This established business benefits from strong exposure to passing pedestrian traffic and the surrounding mix of national and local retailers.
Above the commercial space sits a spacious two-bedroom apartment of approx. 109m² with its own separate access. The apartment is presently vacant and advertised for lease at $460 per week, providing clear potential to add an additional income stream.
Ulverstone continues to attract both residents and businesses with its balance of relaxed lifestyle and access to key services, including Coles and Woolworths just metres from the property, and the River Leven foreshore precinct only a short walk away. With a secure commercial tenant in place and the opportunity to realise immediate upside through the residential lease, 10 Reibey Street represents a well-positioned investment in a tightly held regional market.
- High foot traffic location
- Retail tenancy of approx. 110m² leased to a hair salon
- Two-bedroom apartment of approx. 109m², vacant and available for lease
- Proximity to the River Leven foreshore and wharf precinct
- Adjacent to Ellis Court shopping centre, anchored by Coles Supermarket
- General Business zoning offering flexibility for future use (STCA)
- Outgoings 70% recoverable including building insurance
Howell Property Group has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee its validity. Prospective clients are advised to carry out their own investigations.
