We are pleased to present to market this large, well-located land holding on the fringe of Hobart’s CBD core.

The strategically positioned holding benefits from a diversified income stream with rent being collected from the 5 tenancies and 136 on-grade car parks.

Further key highlights include;
• Well-located and multi-tenanted site on the edge of Hobart’s CBD
• Opportunity to increase car park rent to a market level in the short term
• Large land holding comprising 4,775 sqm*
• Diversified investment with multiple tenancies, and 136 car parks
• Favourable ‘Commercial’ zoning with a variety of development outcomes either permitted or discretionary
• Land holdings of this scale are rare to market in the Hobart CBD and City Fringe
• Incredible views over the Hobart CBD, across to kunanyi/Mt Wellington and out to the River Derwent
• Estimated net income of $388,391 plus GST p.a.**
• Estimated market net income of $413,482 plus GST by increasing car park rent to $250/month inc GST

The property is for sale by Expression of Interest closing Thursday, 16th May 2024 and 4pm (AEST).

To request further information or to arrange an inspection please contact the exclusive selling agents.

*approximate
**before owner outgoings