144 Macquarie Street Hobart, TAS 7000
For Sale for $15,000,000
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: 15 Feb 2019