CBRE from CBRE in conjunction with Elders Commercial Tasmania are pleased to offer to the market 132 Mornington Road, Mornington for sale via our Investment Portfolio Auction 178.

This rare opportunity has the following key investment highlights:

+ Rare Industrial investment with three (3) individual warehouses fully leased to various Tasmanian State Government departments.
+ Attractive investor lease terms with excellent spread of income with the tenants being on-site for over 25+ years.
+ Prime 12,327sqm* freehold site with attractive ‘Light Industrial’ Zoning plus an additional 5,000sqm of undeveloped land (with access), offering flexibility a number of diverse commercial opportunities well into the future (STCA).
+ The property comprises 2,654sqm* of total building area across three (3) separate warehouses, complemented by 17 on-site car parks and a dedicated vehicle wash bay.
+ Warehouse A: 1,060sqm*, Five (5) year lease to January 2027 plus options to 2037 to Department of Primary Industries parks, Water and Environment.
+ Warehouse B: 797sqm*, Five (5) year lease to June 2027 plus options to 2029 to Department of Police, Fire and Emergency Management as the State Emergency Service (SES).
+ Warehouse C: 797sqm*, Renewed Five (5) year lease to 2030 plus options to 2034 to Department of Police, Fire and Emergency Management.
+ Strategically located in the premium industrial precinct, surrounded by national operators including Bunnings Warehouse, Mitre 10, Repco, Tradelink, PETstock, BlueScope and Australia Post.
+ City of Hobart: Robust and steady economy worth $9.15 Billion in gross regional product. (1)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (2)
+ Net Income: $297,680 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Wednesday 6 August 2025
Garden Room, Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

* Approx
(1) REMPLAN
(2) City of Hobart