RACT House, 179-191 Murray Street,
Hobart, TAS 7000
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Sale - Expression of Interest closing Thu 23 May
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Knight Frank - Tasmania
5 Victoria StreetHOBART, TAS 7000
RACT House, 179-191 Murray Street
Hobart, TAS 7000
Map of RACT House, 179-191 Murray Street
Bus stops within 5 km of RACT House, 179-191 Murray Street, Hobart, TAS 7000 Distance Stop 3, No.180 Elizabeth St 117 m Stop 4, No.229 Elizabeth St 131 m St Mary's College 132 m Stop 4, No.242 Elizabeth St 169 m Stop 3, No.181 Elizabeth St 180 m POWERED BY HERE ©
POWERED BY HERE ©
Long WALE, 100% leased office investment
- High profile CBD corner position
- High quality, modern "A" grade offices
- Fully leased with a WALE of 9.6* years
We are pleased to present to the market a landmark Hobart office building, "RACT House", in what is Australia's tightest capital city office market. According to the Property Council of Australia (PCA) Office Market Report 2024, Hobart's office market has a vacancy rate of only 2.8% with no new supply under construction.
The property occupies a high profile corner position within the north western section of Hobart's CBD. It is one of Hobart's newer office buildings having only been constructed in 2010 and provides a high quality, modern "A" grade standard of office accommodation and has a Net Lettable Area of 5,043 sqm and a site area of 2,652 sqm. The property has a NABERS rating of 3.5 stars. The property has an abundance of car parking with approximately 75 bays with 51 secure basement car parks and 24 surface car parks.
It is 100% leased to high quality tenants, the RACT and leading law firm Page Seager Lawyers who have occupied the property since it was constructed. The property is securely let and currently has a Weight Average Lease Expiry (WALE) of approximately 9.6 years.
The property is offered for sale via Expressions of Interest, closing 4 pm (AEST) 23 May 2024.
The property occupies a high profile corner position within the north western section of Hobart's CBD. It is one of Hobart's newer office buildings having only been constructed in 2010 and provides a high quality, modern "A" grade standard of office accommodation and has a Net Lettable Area of 5,043 sqm and a site area of 2,652 sqm. The property has a NABERS rating of 3.5 stars. The property has an abundance of car parking with approximately 75 bays with 51 secure basement car parks and 24 surface car parks.
It is 100% leased to high quality tenants, the RACT and leading law firm Page Seager Lawyers who have occupied the property since it was constructed. The property is securely let and currently has a Weight Average Lease Expiry (WALE) of approximately 9.6 years.
The property is offered for sale via Expressions of Interest, closing 4 pm (AEST) 23 May 2024.
Property ID: 504563944Last Updated: 24 Apr 2024
Knight Frank - Tasmania5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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