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144 Macquarie Street Hobart, TAS 7000

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144 Macquarie Street Hobart, TAS 7000

Offices
Sold Price

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Floor area

5684.0m²

Car spaces

19

Parking info

19

Property extent

Whole

Zoning

Central Business

Tenure type

Tenanted Investment

NABERS

4.0

Sold on

06 Mar 2019

Exceptional Value Add Opportunity

The building is strategically located having easy access to the retail core, parliamentary/law court precinct, and Hobart's popular Salamanca/waterfront area. The property is also within proximity of the bus interchange and various public car parking facilities.


Strategically located, sustainable A grade office building with fantastic views and natural light. Substantial capital upgrades have been completed to the base building lighting, lifts and mechanical plant. The sale price point represents an attractive value proposition in a competitive sales market.

- Energy efficient with NABERS rating of 4 stars
- 5,684 sqm (approx.) lettable area with 19 car spaces
- 929 sqm (approx.) site area with flexible zoning
- Approximately net income of $1.43 million per annum reflects an initial yield of 9.5% and a 12% yield fully leased
- Opportunity to add significant value through leasing or future asset conversion
- High quality State Government lease covenant with lease renewal options.

For sale in conjunction between Knight Frank and Edwards Windsor.

Property ID: 503006350Last Updated: 12 Mar 2019

144 Macquarie Street
Hobart, TAS 7000

Agency contacts

Knight Frank - Tasmania

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Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000
Edwards Windsor - Hobart

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Edwards Windsor - Hobart

Level 2, 89 Brisbane Street
HOBART, TAS 7000
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Scott Newton
Knight Frank - Tasmania
144 Macquarie Street Hobart, TAS 7000

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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