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SOLD

Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010

Development Potential
DETAILS
Magnificent Federal Government Complex - Huge Irreplaceable Metro Hobart Foreshore Site
  • Renewed Australian Government lease
  • Fixed 3.5% rent increases
  • Significant tax depreciation benefits

Renewed lease plus option to 2027 to the Commonwealth of Australia.

Tasmanian Smart Centre and Australian Passport Information Centre (Call Centres).

Rare fixed 3.5% annual rent increases assuring growth.

Ultra-modern 2,506sqm freehold building designed by Woods Bagot and developed by Harmony in 2008.

Significant taxation saving depreciation.

Energy efficient building with 5-star NABERS rating.

Highly sought after ‘essential service’ investment.

Magnificent 16,989sqm foreshore site with uninterrupted views of the River Derwent and metro Hobart.

Important 185 car spaces on-title.

Exceptional long-term development potential (STCA).

Current low 5.1% office vacancy rates in Hobart – under half the national vacancy rate of 11.7%.

Strategic position within the Tasmanian Government owned Techno Park, adjoining Qantas call centre.

Hobart: 16.5% median house price growth, 5.9% above national average.

Net Income: $1,067,288 pa + GST

For Sale by Expressions of Interest

Closing 4pm (AEST), Thursday 26 August 2021

Burgess Rawson

Raoul Holderhead: 0413 860 304

Beau Coulter: 0413 839 898

Matthew Wright: 0458 290 588

Knight Frank

Richard Steedman: 0408 559 046

Scott Newton: 0409 186 261

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
TITLE:
Price on Request
Property Area
AREA:
16989 m² (*approx)
Property Type
TYPE:
Commercial, Office, Other, Office, Other
Development Potential
DEVELOPMENT APPROVAL:

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Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010

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