Share this property

Knight Frank - Tasmania
Directions

Nandos, 345 Elizabeth Street North Hobart, TAS 7000

Directions

Sold

Nandos, 345 Elizabeth Street North Hobart, TAS 7000

Shop & Retail • Offices
Sold Price

Contact Agent

Floor area

776.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

03 Apr 2019

Secure 10 Year Net Lease

  • Prime 776 sqm corner art deco building
  • Recent major $600,000 tenant upgrade
  • Fixed 3% annual rent increases
Trophy, art deco freehold investment.
Secure 10 year lease with 3% annual increases.
Hobart/TAS: Australia’s fastest growing economy.
Nando’s: global giant with over 1,000 restaurants across 35 countries.
High profile 776 sqm corner building boasting excellent 40 metre frontage.
Brand new $600,000 tenant fit-out to Nando’s latest corporate standard.
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.
Diversified investment with secure, supplementary income from two fully-leased first floor apartments, providing direct access to Australia’s #1 residential market with 8.78% annual unit price growth.
Net Rent: $183,108 pa

Auction 11am AEDT Wednesday 3 April 2019
River Room, Crown Casino, Melbourne

Property ID: 503122898Last Updated: 23 May 2019

Knight Frank - Tasmania
Nandos, 345 Elizabeth Street
North Hobart, TAS 7000
Matthew Wright

Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000

Agency contacts

Knight Frank - Tasmania

View Profile

Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000
Burgess Rawson - Melbourne

View Profile

Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
progress tick

Sending email...

Email enquiry

Matthew Wright

Send to:

Matthew Wright
Knight Frank - Tasmania
Nandos, 345 Elizabeth Street North Hobart, TAS 7000

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

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call