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Federal Government, 1-3 Longreach Avenue, Dowsing Point, Tas 7010

Federal Government, 1-3 Longreach Avenue, Dowsing Point, Tas 7010

Offices Medical/Consulting Land/Development

  • Sold Contact Agent
  • Tue 31-Aug-21

Magnificent Federal Government Complex - Huge Irreplaceable Metro Hobart Foreshore Site

  • Renewed Australian Government lease
  • Fixed 3.5% rent increases
  • Significant tax depreciation benefits

  • Land Area
  • 1.70ha (4.20 acres) (approx)
  • Floor Area
  • 2,506 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Sep 14, 2021

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Raoul Holderhead, Burgess Rawson - Melbourne
Raoul Holderhead
Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

Scott Newton, Knight Frank - Tasmania
Scott Newton
Richard Steedman, Knight Frank - Tasmania
Richard Steedman

Magnificent Federal Government Complex - Huge Irreplaceable Metro Hobart Foreshore Site

Renewed lease plus option to 2027 to the Commonwealth of Australia.
Tasmanian Smart Centre and Australian Passport Information Centre (Call Centres).
Rare fixed 3.5% annual rent increases assuring growth.
Ultra-modern 2,506sqm freehold building designed by Woods Bagot and developed by Harmony in 2008.
Significant taxation saving depreciation.
Energy efficient building with 5-star NABERS rating.
Highly sought after ‘essential service’ investment.
Magnificent 16,989sqm foreshore site with uninterrupted views of the River Derwent and metro Hobart.
Important 185 car spaces on-title.
Exceptional long-term development potential (STCA).
Current low 5.1% office vacancy rates in Hobart – under half the national vacancy rate of 11.7%.
Strategic position within the Tasmanian Government owned Techno Park, adjoining Qantas call centre.
Hobart: 16.5% median house price growth, 5.9% above national average.
Net Income: $1,067,288 pa + GST

For Sale by Expressions of Interest
Closing 4pm (AEST), Thursday 26 August 2021


Burgess Rawson
Raoul Holderhead: 0413 860 304
Beau Coulter: 0413 839 898
Matthew Wright:

Federal Government, 1-3 Longreach Avenue, Dowsing Point, Tas 7010

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