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37-43 Federal Street, North Hobart, TAS, 7000

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+13 Photos

+15 Photos

Properties / Buy / Tasmania / North Hobart

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Offers Over $4,000,000

Land Area

2,183 m² (*approx)

Floor Area

1368 m² (*approx)

Property Type

Industrial

Sub-type

Office/Warehouse, Warehouse Showroom

Terms

lease expiry of November 2027 (plus options to 2037) and pay a net annual rent of $194,870* plus all statutory outgoings.

Est. Income

$194,870 p/a

Car Spaces

Show All

2. Property Highlights

Excellent long-term investment with ASX listed national tenant

Strong lease covenant to National Tenant
Future Development potential (STCA)
Fringe CBD industrial asset

Knight Frank has the exclusive opportunity to offer to the market for sale 37 – 43 Federal Street, North Hobart.

The property is currently occupied by Micra Accident Repair Centre Pty Ltd, who have a lease expiry of November 2027 (plus options to 2037) and pay a net annual rent of $194,870* plus all statutory outgoings and building insurance. The site is extremely well utilised by Micra who carry out their operations across the three warehouses plus office space, with the site complimented by approximately 40 car spaces.

Micra is owned by The AMA Group who are listed on the ASX and are the leader in the Australian and New Zealand collision repair industry and associated auto parts market.

The property provides investors secure income for many years while the fringe CBD industrial area begs for a future rezoning where further development is a possibility on the 2,183 sqm site (STCA).

37-43 Federal Street, North Hobart is for sale by offer.

Remember to mention you found this property on CommercialReady

Property Type

Industrial

Sub-type

Office/Warehouse, Warehouse Showroom

Est. Income

$194,870 p/a

Terms

lease expiry of November 2027 (plus options to 2037) and pay a net annual rent of $194,870* plus all statutory outgoings.

Land Area

2,183 m² (*approx)

Floor Area

1368 m² (*approx)

Car Spaces

Selling Method

EOI

Selling Details

Offers Over $4,000,000

2. Property Highlights

Excellent long-term investment with ASX listed national tenant

Strong lease covenant to National Tenant
Future Development potential (STCA)
Fringe CBD industrial asset

Knight Frank has the exclusive opportunity to offer to the market for sale 37 – 43 Federal Street, North Hobart.

Micra is owned by The AMA Group who are listed on the ASX and are the leader in the Australian and New Zealand collision repair industry and associated auto parts market.

The property provides investors secure income for many years while the fringe CBD industrial area begs for a future rezoning where further development is a possibility on the 2,183 sqm site (STCA).

37-43 Federal Street, North Hobart is for sale by offer.

Remember to mention you found this property on CommercialReady

Tenanted Investment