144 Macquarie Street Hobart, TAS 7000
06 Mar 2019
Exceptional Value Add Opportunity
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