29 King Street

Scottsdale TAS 7260

Located in the vibrant heart of Scottsdale, this substantial and historic building presents an exceptional opportunity for savvy investors. Originally built in 1924 to accommodate 600 patrons, this iconic structure is poised for its next chapter, offering endless possibilities for development, including retail, accommodation, storage, and more.Prime Location: Situated on the main street along the Tamar Highway, this property benefits from high foot traffic and attracts tourists passing through town. The dual entry points provide easy access to both the office and former theatre spaces.Sound Structure: The building is constructed from solid concrete, ensuring durability. It has been recently re-roofed, and the exterior received a fresh coat of paint approximately 15 years ago, maintaining its classic appeal.Additional Income Potential: An office attached to the side of the main building, built in 2008, is in excellent condition and will welcome new tenants by mid-October, generating immediate rental income. The office has air conditioning, two wall-mounted heaters and kitchenette.Upgraded Facilities:New car park at the rear of the office;New concrete pathway to the car park;New boundary fences;Development Opportunities: This property is a blank canvas ready for your vision. Potential uses (subject to approval from Dorset Council and Heritage Tasmania) include:Recording studio and performing arts venueArcade of shopsBackpackers hostelHotelEntertainment venueLarge retail spaceOffices or manufacturing facilitiesDistillery and bar/cafEducation centreFuture Development: With two land titles included, the options are vast. Discussions with both Dorset Council and Heritage Tasmania indicate favourable consideration for multi-staged development once detailed plans are approved, making this a strategic investment for future growth.This iconic property is not just a building; it's an opportunity to shape the future of Scottsdale. Don't miss your chance to invest in this remarkable space.Only Pre qualified buyers will be granted to inspections*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.Boundary lines are indicative only.