CBRE and Elders Commercial Tasmania are pleased to offer to the market Unit 1, 139-143 Hobart Road, Kings Meadows, Tasmania for sale via Investment Portfolio Auction 185.

The property has the following key investment highlights:

+ 7 year Lease to The Crown in Right of Tasmania (Department of Premier and Cabinet) to July 2029 plus one 4 year option through to July 2033
+ Annual CPI rent reviews
+ Well presented premises (179sqm on title) with high quality tenant fit out incorporating reception, offices, meeting room and staff kitchen and amenities
+ Single-tenant investment with minimal management required.
+ Strategic position on major arterial Hobart Road, central position amongst two of Tasmania’s strongest trading Coles and Woolworths supermarkets, major banks and more.
+ Kings Meadows: the largest commercial district outside of the Launceston CBD.
+ Launceston: the northern capital of Tasmania servicing local and regional population of 230,000+ experiencing record capital investment of $4.3b.***
+ Net income: $49,403 pa +GST (July 2026 assuming CPI at 3.75%)

To be auctioned as part of CBRE Investment Portfolio Auction 185
10.30am AEST Wednesday 24th June 2026
Garden Room, Crown Casino Melbourne.