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Secure 10 Year Net Lease

345 Elizabeth Street, NORTH HOBART TAS, 7000

Sold

Property Sold in 345 Elizabeth Street, NORTH HOBART TAS, 7000

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11338204
Status:
Sold
Price:
Price on Request
Last Updated:
06/09/2019
Icon building

Property Type

Retail/Offices/Retail
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Land Area

N/A
Icon size

Floor Area

776 SQM
Icon parking

Parking

N/A

Secure 10 Year Net Lease

Trophy, art deco freehold investment.
Secure 10 year lease with 3% annual increases.
Hobart/TAS: Australia’s fastest growing economy.
Nando’s: global giant with over 1,000 restaurants across 35 countries.
High profile 776 sqm corner building boasting excellent 40 metre frontage.
Brand new $600,000 tenant fit-out to Nando’s latest corporate standard.
Supported by complementary food and beverage operators as well as the State Cinema, NAB, Commonwealth Bank, Subway and Australia Post.
Elizabeth Street: key entertainment and dining precinct less than 2km from CBD with Hobart’s most intensive concentration of restaurants.
Diversified investment with secure, supplementary income from two fully-leased first floor apartments, providing direct access to Australia’s #1 residential market with 8.78% annual unit price growth.
Net Rent: $183,108 pa

Auction 11am AEDT Wednesday 3 April 2019
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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