Burgess Rawson in conjunction with Mix Property Group are pleased to offer to the market, the Premier CBD Mixed Use Building located at 160-166 Collins Street Hobart, TAS for sale via Expressions of Interest.
This opportunity has the following key investment highlights:
+ Strong occupancy history with major tenants in occupation for many years, anchored by WLF Accounting & Advisory, on-site since 1994, on a long 12-year lease through to 2028 with two (2) further five (5) options to 2038.
+ WLF Accounting & Advisory: highly successful independent Tasmanian firm, established in 1890, now operating with 12 partners and over 70 specialist professionals. (1)
+ Look Optical: 29+ years of experience, specialising in providing professional eye care solutions.
+ Sfumato Hair: multi award-winning hair salon including Tasmanian Hairdresser of the Year and Finalists for multiple awards at the 2017 Australian Hair Fashion Awards.
+ Position Perfect CBD mixed use building, set over three levels with 1,944 sqm* of lettable area.
+ Prime 966sqm* freehold site with attractive 'Central Business Zoning' offering significant development potential (STCA) and a strategic location for diverse commercial opportunities.
+ Hobart Office Market: best performing CBD office market in Australia, maintaining the lowest vacancy rates nationally (2.8%) for the fourth year in a row. (2)
+ Strategic position in the heart of Hobart's growing CBD and within 400m* of The Cat and Fiddle Arcade, '188 Collins Street' major office building, Centrepoint Shopping Centre and Carpark, Parliament Square and many of the city's newest hotel developments including Crowne Plaza, Double Tree by Hilton, Ibis and RACV Hotel.
+ Hobart: the largest shopping and employment hub in Tasmania with a gross regional product of $8.82 billion (3) representing approximately 22% of Tasmania's Gross State Product. (2)
+ Tasmania: consistently led the nation over the past 3 years in CommSec's state of the state report, currently number #2 in equipment spending. (4)
+ Estimated Net Income: $538,181pa* + GST.
For Sale by Expressions of Interest
Closing 3pm (AEDT) Wednesday 13 November 2024
*Approximately
1. WLF Accounting & Advisory
2. Hobart City Council
3. REMPLAN
4. CommSec
