Long WALE, 100% leased office investment
179-191 Murray Street, Hobart TAS 7000
EOI 23/05/24
OfficeSize: n/a
Block size: 2652 m² approx.
We are pleased to present to the market a landmark Hobart office building, "RACT House", in what is Australia's tightest capital city office market. According to the Property Council of Australia (PCA) Office Market Report 2024, Hobart's office market has a vacancy rate of only 2.8% with no new supply under construction.
The property occupies a high profile corner position within the north western section of Hobart's CBD. It is one of Hobart's newer office buildings having only been constructed in 2010 and provides a high quality, modern "A" grade standard of office accommodation and has a Net Lettable Area of 5,043 sqm and a site area of 2,652 sqm. The property has a NABERS rating of 3.5 stars. The property has an abundance of car parking with approximately 75 bays with 51 secure basement car parks and 24 surface car parks.
It is 100% leased to high quality tenants, the RACT and leading law firm Page Seager Lawyers who have occupied the property since it was constructed. The property is securely let and currently has a Weight Average Lease Expiry (WALE) of approximately 9.6 years.
The property is offered for sale via Expressions of Interest, closing 4 pm (AEST) 23 May 2024.
The property occupies a high profile corner position within the north western section of Hobart's CBD. It is one of Hobart's newer office buildings having only been constructed in 2010 and provides a high quality, modern "A" grade standard of office accommodation and has a Net Lettable Area of 5,043 sqm and a site area of 2,652 sqm. The property has a NABERS rating of 3.5 stars. The property has an abundance of car parking with approximately 75 bays with 51 secure basement car parks and 24 surface car parks.
It is 100% leased to high quality tenants, the RACT and leading law firm Page Seager Lawyers who have occupied the property since it was constructed. The property is securely let and currently has a Weight Average Lease Expiry (WALE) of approximately 9.6 years.
The property is offered for sale via Expressions of Interest, closing 4 pm (AEST) 23 May 2024.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Richard Steedman to learn more about this property, request an inspection or take an online tour.
Key details
Garage Spaces:
75
Property type:
Office
Block Size:
2652 m²*
Other Details
Volume:
1
Folio:
175729
Legal description:
175729/1
Maps and area information
Block information
Block size: 2652m² (approx)
Legal description: 175729/1
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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What's nearby
Landsdowne Crescent Primary ScPrimary School
0.9km
Ogilvie High SchoolHigh School
2.8km
Australian Hospital Care LtdHospital
0.4km
Shopping CentreMajor Shopping Centre
0.4km
Elizabeth CollegeCollege
0.3km
Australia Post Vehicle RepairsPost Office
0.7km
Tafe - Warwick Street CentreTafe
0.1km
Property history
We couldn't find any history for this property.
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SummaryMedian sales
Average Age
31 years
Population
3,390
Listing ID: 182439599. This listing has been viewed 1 time. It was first displayed on 10/04/2024 and last updated on 02/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.