35-51 Dowling Street, Launceston, TAS, 7250

Elders Commercial is privileged to exclusively present for sale 35-51 Dowling Street, Launceston. A strategically located distribution facility that is fully leased to Strait Link Logistics Pty Ltd.

The property is for sale as part of a portfolio via Expressions of Interest Closing 11 June 2026 at 4pm.

Key investment and property highlights include:

+ The property is fully leased to Strait Link Logistics Pty Ltd, part of the Strait Link group, Australia’s leading Bass Strait shipping and integrated logistics provider, delivering essential freight connectivity between Tasmania and mainland Australia. The business underpins Tasmania’s supply chain and functions as critical economic infrastructure.

+ The lease commenced 1 April 2025 on a 5‑year term with a further 5‑year option, through to 2035. Rental growth is underpinned by 3.5% fixed annual increases, with a market rent review at option commencement, subject to a ratchet preventing rental decline.

+ The lease is structured on a strong net basis, with the tenant responsible for 100% of outgoings, including rates, land tax, insurance, management costs and repairs and maintenance, materially reducing landlord risk and exposure.

+ Revisionary upside rent at review with current blended rate reflecting $74, well below comparable market parameters. The blended rate does not apportion any value to the hardstand.

+ Significant landholding of 82,980sqm* with extensive lettable area of 9,742sqm*.

+ Located on the city fridge, the property presents compelling future re-development potential (STCA).

+ In early 2026, Strait Link was acquired by Igneo Infrastructure Partners, a global infrastructure investment manager which manages A$35.3* billion* worth of assets.

+ Previous expenditure of $9.7m on concrete hardstand. Ability to examine potential claims/benefits^.

+ The property has a rail line that runs into the property on a daily basis supporting logistics use.

+ Current passing net income of $718,461* + GST.

Please one of the listing agents for more information or to arrange an inspection today.

*Approx.

^All parties should seek independent taxation and legal advice.

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