Magnificent Federal Government Complex – Huge Irreplaceable Metro Hobart Foreshore Site
1-3 Longreach Avenue, Dowsing Point TAS
Property Highlights
Description
Renewed lease plus option to 2027 to the Commonwealth of Australia.
Tasmanian Smart Centre and Australian Passport Information Centre (Call Centres).
Rare fixed 3.5% annual rent increases assuring growth.
Ultra-modern 2,506sqm freehold building designed by Woods Bagot and developed by Harmony in 2008.
Significant taxation saving depreciation.
Energy efficient building with 5-star NABERS rating.
Highly sought after ‘essential service’ investment.
Magnificent 16,989sqm foreshore site with uninterrupted views of the River Derwent and metro Hobart.
Important 185 car spaces on-title.
Exceptional long-term development potential (STCA).
Current low 5.1% office vacancy rates in Hobart – under half the national vacancy rate of 11.7%.
Strategic position within the Tasmanian Government owned Techno Park, adjoining Qantas call centre.
Hobart: 16.5% median house price growth, 5.9% above national average.
Net Income: $1,067,288 pa + GST
For Sale by Expressions of Interest
Closing 4pm (AEST), Thursday 26 August 2021
Burgess Rawson
Raoul Holderhead: 0413 860 304
Beau Coulter: 0413 839 898
Matthew Wright: 0458 290 588
Knight Frank
Richard Steedman: 0408 559 046
Scott Newton: 0409 186 261
Property Details