Secure 10 Year Net Lease
345 Elizabeth Street, North Hobart TAS
Prime 776 sqm corner art deco building
Recent major $600,000 tenant upgrade
Fixed 3% annual rent increases
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