Heritage Office & Retail Investment | Fully Leased, Diversified Income

RWC Tasmania has been appointed to sell 290A Murray Street, Hobart, a fully leased heritage office and retail investment occupying a prominent corner position at the intersection of Murray and Warwick Street. Comprising 434sqm* of refurbished office and retail accommodation on a 273sqm* strata title, the property is fully tenanted across three established occupiers, delivering a net income of $118,381* per annum plus GST.

Positioned on Hobart's inner-city fringe within close proximity to Bob Jane T-Marts, Reece Plumbing and KFC, the property benefits from strong daily exposure to passing vehicle and pedestrian traffic along both Murray Street and Warwick Street.

Key Property Features Include:
+ 434sqm* office and retail building on a 273sqm* site
+ Fully leased across three tenancies, zero vacancy
+ Net income of $118,381* per annum plus GST
+ Weighted Average Lease Expiry (WALE) of 2.68 years* across the tenancy mix
+ Favourable net lease structure with 100% of statutory outgoings recovered
+ High-exposure corner position with 12.5m* Murray Street and 23m* Warwick Street frontage
+ Heritage-listed building, fully refurbished with quality fit out in place across all three tenancies
+ Four (4) on-site car parking spaces

Diversified income, built-in rental growth and a rare heritage corner position combine to make this a standout addition to any commercial portfolio.

For further information or to arrange an inspection, contact the exclusive marketing agents.

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