Fully leased investment in Australia's best performing economy
Outstanding, central CBD location
Diversified income streams
Fully leased
Knight Frank and Colliers are delighted to present an exceptional freehold mixed retail and commercial investment located in the heart of Hobart's city centre.
"Murray House", 73 81 Murray Street, Hobart is well located being only 50 metres north west of Hobart's central retail block in a sought after and highly convenient location. The property has an extensive street frontage of approximately 37m and occupies a prominent position with a high level of passing pedestrian and vehicular traffic.
The property is fully leased to a mixture of retail, office and education tenants with a current net income (before operating expenses) of approximately $586,021 pa and a WALE of circa 2.3 years. The property is part four levels with ground floor retail and the two upper levels and a smaller lower ground floor level utilised for office and education use.
This asset provides significant value add opportunities including further development in time with potential to increase the building height (STCA) given the current low rise improvements; refurbishment or rental growth.
Murray House offers a rare opportunity to acquire a commercial investment within the nation's leading capital city, with Commsec rating Tasmania's economy as number 1 in the country in the past 6 surveys.
For Sale by Expressions of Interest closing 14 October 2021 at 4:00pm AEST
