SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
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SOLD

Secure 10 Year Net Lease

345 Elizabeth Street, North Hobart TAS

Property Highlights

Prime 776 sqm corner art deco building

Recent major $600,000 tenant upgrade

Fixed 3% annual rent increases

Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Gross Building Area
776 SQM

Contact Agents

Beau Coulter

0413 839 898

Billy Holderhead

0422 817 696

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