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Landmark Value Add Opportunity

66-80 Collins Street, HOBART TAS, 7000

Sold

Property Sold in 66-80 Collins Street, HOBART TAS, 7000

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000

Listing ID:
11356383
Status:
Sold
Price:
For Sale by Expressions of Interest
Last Updated:
12/09/2019
Icon building

Property Type

Offices
Icon square

Land Area

1720 SQM
Icon size

Floor Area

10037 SQM
Icon parking

Parking

55

Landmark Value Add Opportunity

Hobart landmark "A" grade office building, situated on prime corner site opposite the Royal Hobart and Hobart Private Hospitals and approximately 100 metres from the Elizabeth Street Mall.

Key Investment Highlights include:

- NLA of 10,037 sqm (approx) plus 55 car parks
- Fantastic water views and natural light
- High quality State Government and Telstra lease covenants
- Approximately 85% leased
- NABERS rating of 3.5 stars
- Current Net Income of $2.43 million pa + GST (approx)
- Signifiicant value add opportunity in a strengthening office market, which is currently the 3rd strongest capital city office market in Australia.
- Hobart's CBD continues to transition into a more vibrant modern city, benefiting from advancing structural change.

For Sale by Knight Frank and Edwards Windsor via Expressions of Interest closing Thursday, 29 August 2019.

For more details, please email agent

Knight Frank Tasmania

5 Victoria Street, Hobart, TAS 7000


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