Officeworks, Hobart

105 - 109 Campbell St, Hobart TAS office works tasmania v4

Our client is a local Melbourne based investor.
This property was sourced by us and recently purchased by our client.
It was purchased under intense auction conditions at a CBRE Premium Property auction held in the Zagame showroom in Richmond, Melbourne.
A local Tasmanian investor was the under bidder.
We assessed the value at $11.6M and the sale price was $11.725M showing a cap rate of 6.2% triple net.
An extensive analyses of all recent Officeworks and Bunnings sales were taken into account when determining value.

Sale By public auction
Building Retail trade area :1732m2
Mezz office :138m2
Ground floor warehouse : 155m2
Basement warehouse : 760m2
Total building area : 2785m2
Net rental $725,920 pa
Title Freehold
Land 3236m2
Cars 49

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