345 Elizabeth Street,
North Hobart, TAS 7000
Shops & Retail • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
345 Elizabeth Street
North Hobart, TAS 7000
Map of 345 Elizabeth Street
Trophy Fast Food Investment to International Powerhouse | Long 15 Year Net Lease plus Additional Income Streams
- Prime 776 sqm* corner art deco building
- Nando’s pay 50% of all outgoings
- Fixed 3% annual rent increases
Burgess Rawson in conjunction with Ray White Commercial Tasmania are pleased to offer to the market the trophy Nando's investment located at 345 Elizabeth Street, North Hobart for sale by Expression of Interest.
Key Investment highlights include:
+ Long 15 year net lease to Nando’s through to 2032 with further options to 2042 plus additional income streams from two (2) residential apartments.
+ Nando’s: Global fast-food giant, established in South Africa, now with over 1,150 locations in 35 countries and growing. (1)
+ Investor preferred, Nando’s net lease structure paying 50% of all outgoings including council rates, water and Land tax
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Prized 776 sqm* corner art deco building boasting a ground floor restaurant to Nando’s corporate layout and design.
+ Diversified investment with supplementary income from two fully-leased first floor apartments with a total of 379sqm* lettable area.
+ Supported by complementary food and beverage operators as well as the State Cinema, NAB, Commonwealth Bank, Subway and Australia Post.
+ Elizabeth Street: Key entertainment and dining precinct less than 2km from CBD with Hobart’s most intensive concentration of restaurants.
+ City of Hobart: Robust and steady economy worth $8.3 Billion in gross regional product. (2)
+ Tasmania: Booming retail industry seeing a 9% increase against the decade average, retail spending for Q2 2024 totalling $1.97 Billion. (3)
+ Estimated Net Income: $204,989 pa* + GST
For Sale by Expression of Sale
Closing Thursday, 10 April 2025 at 4:00pm
*Approx
(1) Nandos
(2) City of Hobart Annual Report
(3) CommSec – 21/4/2024
Key Investment highlights include:
+ Long 15 year net lease to Nando’s through to 2032 with further options to 2042 plus additional income streams from two (2) residential apartments.
+ Nando’s: Global fast-food giant, established in South Africa, now with over 1,150 locations in 35 countries and growing. (1)
+ Investor preferred, Nando’s net lease structure paying 50% of all outgoings including council rates, water and Land tax
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Prized 776 sqm* corner art deco building boasting a ground floor restaurant to Nando’s corporate layout and design.
+ Diversified investment with supplementary income from two fully-leased first floor apartments with a total of 379sqm* lettable area.
+ Supported by complementary food and beverage operators as well as the State Cinema, NAB, Commonwealth Bank, Subway and Australia Post.
+ Elizabeth Street: Key entertainment and dining precinct less than 2km from CBD with Hobart’s most intensive concentration of restaurants.
+ City of Hobart: Robust and steady economy worth $8.3 Billion in gross regional product. (2)
+ Tasmania: Booming retail industry seeing a 9% increase against the decade average, retail spending for Q2 2024 totalling $1.97 Billion. (3)
+ Estimated Net Income: $204,989 pa* + GST
For Sale by Expression of Sale
Closing Thursday, 10 April 2025 at 4:00pm
*Approx
(1) Nandos
(2) City of Hobart Annual Report
(3) CommSec – 21/4/2024
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North Hobart, 7000 demographic data
The median household income for North Hobart is $1,823, 18% higher than Greater Hobart's household income of $1,542. North Hobart has a younger age profile compared to the rest of Greater Hobart (median age 35 vs 39). Property ownership data shows 49% of property owners in North Hobart have a mortgage.
2,600
Population
$1,823 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Ray White Commercial Tasmania141 Murray Street
HOBART, TAS 7000
HOBART, TAS 7000
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