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Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010

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Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010
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Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010

Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010

Properties / Sold / Tasmania / Dowsing Point
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
16,989 m² (*approx)
Selling Method
EOI: Price on Request
Show All

2. Property Highlights

Magnificent Federal Government Complex - Huge Irreplaceable Metro Hobart Foreshore Site
  • Renewed Australian Government lease
  • Fixed 3.5% rent increases
  • Significant tax depreciation benefits

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: 0458 290 588

Knight Frank

Richard Steedman: 0408 559 046

Scott Newton: 0409 186 261

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1. Property Summary

Property Type
Commercial
Land Area
16,989 m² (*approx)
Selling method
EOI: Price on Request

2. Property Highlights

Magnificent Federal Government Complex - Huge Irreplaceable Metro Hobart Foreshore Site
  • Renewed Australian Government lease
  • Fixed 3.5% rent increases
  • Significant tax depreciation benefits

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: 0458 290 588

Knight Frank

Richard Steedman: 0408 559 046

Scott Newton: 0409 186 261

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Richard Steedman
Richard Steedman
+61 *** *** *** show +61 408 559 046
Scott Newton
Scott Newton
+61 *** *** *** show +61 409 186 261

Download Development Site Report
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Richard Steedman
Richard Steedman
+61 *** *** *** show +61 408 559 046
Scott Newton
Scott Newton
+61 *** *** *** show +61 409 186 261

3. Property Location

Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010

Property Map
Street View

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
Federal Government, 1-3 Longreach Avenue, DOWSING POINT, TAS 7010 Dowsing Point
Burgess Rawson
Burgess Rawson
Level 20, 150 Lonsdale Street, Melbourne VIC 3000
View Agency Profile
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
Elders Tasmania
Elders Tasmania
5 Victoria Street, Hobart, TAS, 7000
View Agency Profile
Richard Steedman
Richard Steedman
+61 *** *** *** show +61 408 559 046
Scott Newton
Scott Newton
+61 *** *** *** show +61 409 186 261