33-35 Federal Street,
North Hobart, TAS 7000
Warehouse, Factory & Industrial
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Elders Real Estate - Hobart
5 Victoria StreetHOBART, TAS 7000
04091862...
33-35 Federal Street
North Hobart, TAS 7000
Map of 33-35 Federal Street
A rare opportunity within the tightly held light industrial hub of North Hobart
- Global lease covenant until Nov '24
- Rare fringe CBD industrial asset
- Net passing income: $142,199*
We are excited to present to market for sale a significant fringe CBD industrial property with future development potential (STCA).
33-35 Federal Street, North Hobart occupies a commanding position on Federal Street with 30m of street frontage. Entering through the front of the property customers are greeted with a substantial showroom and office space while extensive warehousing and storage space occupies the rear. Additional offices and mezzanine storage are located on the first level and overlook Federal Street. The building area occupies 35% of total site coverage, providing ample room for value adding expansion.
The site is situated within a tightly held, high-profile light industrial hub in Federal Street North Hobart, directly between Argyle Street and the Brooker Highway and in proximity to North Hobart’s retail strip.
The property is currently occupied by global electrical wholesaler, Rexel Electrical Supplies Pty Ltd who have a lease expiry of 23 November 2024 and pay a net annual rent of $142,199* plus all statutory outgoings and building insurance.
Complimenting the property is approximately 22 off-street car spaces at the front and rear.
The property provides significant value add opportunity via future rental uplift, possible lease extension or redevelopment of the 2,280 sqm site.
33-35 Federal Street is for sale by expressions of interest closing Thursday 8 December 2022 at 4pm (AEDT)
33-35 Federal Street, North Hobart occupies a commanding position on Federal Street with 30m of street frontage. Entering through the front of the property customers are greeted with a substantial showroom and office space while extensive warehousing and storage space occupies the rear. Additional offices and mezzanine storage are located on the first level and overlook Federal Street. The building area occupies 35% of total site coverage, providing ample room for value adding expansion.
The site is situated within a tightly held, high-profile light industrial hub in Federal Street North Hobart, directly between Argyle Street and the Brooker Highway and in proximity to North Hobart’s retail strip.
The property is currently occupied by global electrical wholesaler, Rexel Electrical Supplies Pty Ltd who have a lease expiry of 23 November 2024 and pay a net annual rent of $142,199* plus all statutory outgoings and building insurance.
Complimenting the property is approximately 22 off-street car spaces at the front and rear.
The property provides significant value add opportunity via future rental uplift, possible lease extension or redevelopment of the 2,280 sqm site.
33-35 Federal Street is for sale by expressions of interest closing Thursday 8 December 2022 at 4pm (AEDT)
Property ID: 504200924Last Updated: 18 Apr 2024
Elders Real Estate - Hobart5 Victoria Street
HOBART, TAS 7000
HOBART, TAS 7000
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