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Elders Real Estate - Hobart

345 Elizabeth Street North Hobart, TAS 7000


345 Elizabeth Street,
North Hobart, TAS 7000

Shops & Retail • Other

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Sale - Auction Wed 7 Aug

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Elders Real Estate - Hobart
Matthew Wallace
Claude Alcorso

Elders Real Estate - Hobart

5 Victoria Street
Elders Real Estate - Hobart
345 Elizabeth Street
North Hobart, TAS 7000

Map of 345 Elizabeth Street

  • Bus stops within 5 km of 345 Elizabeth Street, North Hobart, TAS 7000Distance
    Stop 7, Elizabeth St / Pitt St69 m
    Stop 7 Elizabeth St Strahan St120 m
    Stop 6, No.309 Elizabeth St137 m
    No.77 Federal St150 m
    No.84 Federal St160 m

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 Elders Tasmania are pleased to offer to the market the trophy Nando's investment located at 345 Elizabeth Street, North Hobart for sale via Portfolio Auction Wednesday 7 August 2024 at Crown Casino, Melbourne.

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)
+ Esitmated Net Income: $203,429 pa* + GST

For Sale by Portfolio Auction, Crown Casino, Melbourne
From 10:30am (AEST) Wednesday 7 August 2024
For further information please contact the agents directly

(1) Nandos
(2) City of Hobart Annual Report
(3) CommSec – 21/4/2024

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Property ID: 504635904Last Updated: 23 Jul 2024

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