367-379 Elizabeth Street,
North Hobart, TAS 7000
Shops & Retail • Offices • Development Sites & Land
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Ray White Commercial Tasmania
141 Murray StreetHOBART, TAS 7000
367-379 Elizabeth Street
North Hobart, TAS 7000
Map of 367-379 Elizabeth Street
'The State Cinema' Landmark Hobart Investment Collection with Development Upside
- Centrepiece of the Elizabeth St Precinct
- Anchored by NASDAQ Listed Tenant
- Future Development Potential (STCA)
Ray White Commercial Tasmania and Burgess Rawson is pleased to offer to the market, 'The State Cinema' Landmark Hobart Investment Collection located 367-379 Elizabeth Street, 31 Strahan Street & 82 Federal Street North Hobart, Tasmania.
This premium opportunity has the following key investment highlights:
+ State Cinema: Established in 1913 with rich heritage throughout the Hobart community with capacity for over 700 patrons and operating 11 screens including a rooftop cinema, cafe, bar and bookstore. (1)
+ Long Ten (10) year lease to 2029 plus options to 2039 to Reading Cinema's with the tenant responsible for 76% of total building statutory outgoings.
+ Reading Cinemas: Proven operators with long standing history in Australia with 29 locations and 210 screens across the country. (1)
+ Reading International (NASDAQ: RDI): Highly successful international entertainment powerhouse with 57 movie cinemas and 457 screens worldwide, plus large Shopping Centre ownership portfolio. (1)
+ Diversified income through seven (7) additional tenancies leased to market leading tenants including a legal services office, Visual Eyes Optometrist, Kathmandu Restaurant, Lake Leather, LTB Network, Superstar Karaoke and 'Federal Street' Automotive.
+ Prime and significant 3,971sqm* corner landholding, as the centrepiece to the North Hobart Commercial/Entertainment Precinct.
+ Impressive 5,043sqm* of lettable area across the collective, matching the corporate layout and design of all the tenants including an immaculate purpose-built cinema offering.
+ High profile inner metro location with development potential.
+ Position perfect, located within Elizabeth Street which is a key entertainment and dining precinct with Hobart's most intensive concentration of restaurants.
+ Surrounded by a number of national tenants including ZAP, Subway, Nando's, Grill'd, Chemist Warehouse as well as renowned pubs; Queen's Head Hotel & The Winston.
+ Hobart: Projected to experience significant growth, with the population expected to increase by over 10.7% by 2046. (2)
+ City of Hobart: Robust and steady economy worth $9.15 Billion in gross regional product. (3)
+ Estimated Income: $1,315,971per annum* + GST.
For more information, please contact the RWC Tasmania and Burgess Rawson Sales Team
RWC
Claude Alcorso
0417 586 7...
Matthew Wallace
0418 136 0...
Burgess Rawson
Matthew Wright
0458 290 5...
Beau Coulter
0413 839 8...
*Approximately
1. Reading International Annual Report 2024
2. .id
3. REMPLAN
This premium opportunity has the following key investment highlights:
+ State Cinema: Established in 1913 with rich heritage throughout the Hobart community with capacity for over 700 patrons and operating 11 screens including a rooftop cinema, cafe, bar and bookstore. (1)
+ Long Ten (10) year lease to 2029 plus options to 2039 to Reading Cinema's with the tenant responsible for 76% of total building statutory outgoings.
+ Reading Cinemas: Proven operators with long standing history in Australia with 29 locations and 210 screens across the country. (1)
+ Reading International (NASDAQ: RDI): Highly successful international entertainment powerhouse with 57 movie cinemas and 457 screens worldwide, plus large Shopping Centre ownership portfolio. (1)
+ Diversified income through seven (7) additional tenancies leased to market leading tenants including a legal services office, Visual Eyes Optometrist, Kathmandu Restaurant, Lake Leather, LTB Network, Superstar Karaoke and 'Federal Street' Automotive.
+ Prime and significant 3,971sqm* corner landholding, as the centrepiece to the North Hobart Commercial/Entertainment Precinct.
+ Impressive 5,043sqm* of lettable area across the collective, matching the corporate layout and design of all the tenants including an immaculate purpose-built cinema offering.
+ High profile inner metro location with development potential.
+ Position perfect, located within Elizabeth Street which is a key entertainment and dining precinct with Hobart's most intensive concentration of restaurants.
+ Surrounded by a number of national tenants including ZAP, Subway, Nando's, Grill'd, Chemist Warehouse as well as renowned pubs; Queen's Head Hotel & The Winston.
+ Hobart: Projected to experience significant growth, with the population expected to increase by over 10.7% by 2046. (2)
+ City of Hobart: Robust and steady economy worth $9.15 Billion in gross regional product. (3)
+ Estimated Income: $1,315,971per annum* + GST.
For more information, please contact the RWC Tasmania and Burgess Rawson Sales Team
RWC
Claude Alcorso
0417 586 7...
Matthew Wallace
0418 136 0...
Burgess Rawson
Matthew Wright
0458 290 5...
Beau Coulter
0413 839 8...
*Approximately
1. Reading International Annual Report 2024
2. .id
3. REMPLAN
Additional information
External websites
North Hobart, 7000 demographic data
The median household income for North Hobart is $1,823, 18% higher than Greater Hobart's household income of $1,542. North Hobart has a younger age profile compared to the rest of Greater Hobart (median age 35 vs 39). Property ownership data shows 49% of property owners in North Hobart have a mortgage.
2,600
Population
$1,823 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
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