CBRE and Elders Commercial are pleased to offer to market the brand new Vibe located at Lot 3/9 Commerce Drive, Howrah (Hobart) TAS for sale via Investment Portfolio Auction 189.

The property has the following key investment highlights:

+ Brand new 12 year lease to 2038 plus options to 2058.
+ Vibe: fast-growing fuel and convenience operator with 50+ locations across WA, VIC & TAS. (1)
+ Tenant pays all usual outgoing including building insurance and land tax.
+ Fixed 3% annual rent increases, ensuring growth.
+ July 2026 construction providing significant tax saving depreciation benefits.
+ Immaculate 240sqm* Vibe service station incorporating retail store plus canopy with 8 fuel bowsers.
+ Directly adjoining high performing Coles anchored Glebe Hill Village SC.
+ 946qm* title with important 7 on-title sealed and lined car spaces.
+ Situated in key growth area with 3,800 new homes planned/underway within primary trade area. (2)
+ Greater Hobart: robust and steady economy with $17 Billion gross regional product (GRP). (3)
+ Tasmania: attracted a record 1.36 million overnight tourists in 2025 with visitor spend up 44% to $3.6 Billion. (4)
+ Net Income: $370,000pa* + GST

To be sold via Investment Portfolio Auction 189
10:30am AEDT Wednesday 9 December 2026
Promenade, Crown Casino, Melbourne

**Hungry Jack’s Howrah and KFC Howrah are also available for sale separately**

*Approx
1. Vibe Petroleum
2. Location IQ
3. Profile.id
4. Remarkable Destination