Hot Tassie commercial sector to be tested under hammer

Tasmanian commercial real estate has been a hot commodity with investors of late who have snapped up historic buildings, hotels, warehouse and hardware assets.

Investors looking for Tasmanian opportunities will be spoiled for choice at Burgess Rawson’s next portfolio auction with a number of assets going under the hammer.

Burgess Rawson senior sales executive Matthew Wright said the Tasmanian market has gone from strength to strength over the past two years.

“Tasmania now leads the country in key economic indicators,” he said. “In fact, during the last six months, demand has outstripped supply substantially.

“We have seen plenty of investors seeking high quality assets in Tasmania but not a lot of investment stock coming to the market.”

In the south of the state, Burgess Rawson in conjunction with Knight Frank will put to market:

Shell Viva Sandy Bay, in the $3 million-plus price range

Chemist Warehouse Sorell, $3.5 million-plus

Kosaten Japanese in Battery Point, $2.1 million-plus.

A prime industrial offering in Glenorchy and a chemist in Launceston — with co-agent Shepherd & Heap — will also be sold under the hammer.

While not heading to auction, a Commonwealth Government leased call center located at Dowsing Point will be sold via an expression of interest campaign that will coincide with the Auction 146 Portfolio. EOI will close on August 26 at 4pm.