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RACT House, 179-191 Murray Street, Hobart, TAS, 7000
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RACT House, 179-191 Murray Street, Hobart, TAS, 7000

2. Property Highlights

Long WALE, 100% leased office investment
  • High profile CBD corner position
  • High quality, modern "A" grade offices
  • Fully leased with a WALE of 9.6* years

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.

Remember to mention you found this property on CommercialReady

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Scott Newton
Scott Newton
+61 *** *** *** show +61 409 186 261
Message
+61 409 186 261 scott.newton@elders.com.au Message
Richard Steedman
Richard Steedman
+61 *** *** *** show +61 408 559 046
Message
+61 408 559 046 richard.steedman@elders.com.au Message

3. Property Location

RACT House, 179-191 Murray Street, Hobart, TAS, 7000

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4. Due Diligence

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RACT House, 179-191 Murray Street, Hobart, TAS, 7000 Hobart
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Elders Tasmania
Elders Tasmania
5 Victoria Street, Hobart, Tasmania, Australia, 7000
View Agency Profile
Scott Newton
Scott Newton
+61 *** *** *** show +61 409 186 261
Richard Steedman
Richard Steedman
+61 *** *** *** show +61 408 559 046
Enquire
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