Development For Sale Scottsdale Ad:935560

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AUD$ 450,000

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Development
For Sale
Scottsdale
Australia

ICONIC PROPERTY FOR SALE
Former Lyric Theatre
29 King Street Scottsdale , Tasmania

FOR ENQUIRIES
Please contact - GUY ARCHER
BUSHBY REAL ESTATE Launceston

Investment Property
$ 450,000

DON`T WAIT till it gets Too hot - Too stormy - Too wet - Too dusty - Too polluted and over
populated before you move to Beautiful Tasmania _make your move today ...

This building is one of the largest commercial buildings in the north east of Tasmania
and has only recently come on the market.
Make your enquiry today - before it`s snapped up.

This is a SUBSTANTIAL iconic building located in the main street of Scottsdale
surrounded by the shopping & commercial precinct including Woolworths across the
road - and the sale gives investors a rare opportunity to secure a considerable holding
and allowing many options for developments.

The former theatre was built in 1924 to cater for 600 patrons and although the interior
has been gutted by the previous owner some time ago it is now ready for its next
development.
The exterior walls of the building are constructed of solid concrete and it has been re-
roofed using colour-bond , including facia / gutters - exterior surfaces have been painted
leaving very little to do on the outside and a blank canvas on the inside.

Possible uses would be subject to Dorset Council / Tasmanian heritage council
approval.
Dorset Council has expressed it is willing to approve multiple staged development and
is very keen to see the historic building opened for business.
The Heritage Council has expressed that it will allow a second floor to be constructed
although they require the historical former theatre ceiling to be left in place - however
the ornate ceiling is repaired and ready for a coat of paint.

Water / power / NBN are connected separately to both the main building and adjoining
office.

This substantial building would cost several million to construct today and the
purchaser would benefit from having to only develop the interior.
Two existing former shops front the main street either side of the main entry and would
cost approximately $20,000 to have them leased [ allowing that the tenant would be
responsible for the shop fit ]

The existing 3 upstairs rooms of the former theatre provide great views over the main
street and countryside and would best be converted into a managers residence for the
arcade / complex.
The roof space over these rooms has a 4m height - an engineer has inspected the space
and it is possible to build out a further 60 - 70 square metres above making the potential
managers residence a very sizable apartment. [ STCA ]

A recently built office / retail space fronting the main street adjoins the former theatre
and is in very good condition with a small kitchenette along with two disabled toilets
intended for the future development inside the main building.
This office is leased to a govt program provider and they wish to remain there long term
enabling solid income whilst developing your project.
A 12 month lease with optional extra 12 months is in place
This office has a future use as retail or restaurant.

Included in the sale is a vacant allotment with a separate title giving access to the rear of
the former theatre via a right of way and which could be developed on or used as a car
park to service the main building.
Also in this location and behind the theatre was previously an attached two storey
addition [ 13m x 6m ] that has been removed and which could also provide a sizable area
to extend the main structure [ STCA ]

There is a separate small bathroom with a working toilet and basin / shower space inside
the building that would provide amenity during construction for workers and when the
tradies get hungry there are great cafes right across the road.

Thankyou for reading this advert and if you would like more information or to view the
property please feel welcome to contact

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