132 Mornington Road
Mornington TAS 7018
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Auction: 6th Aug 2025 (10:30 am)
Rare Government Leased Industrial Warehouses Within Hobart's Premier Industrial Estate
Elders Commercial in conjunction with Burgess Rawson from CBRE are pleased to offer to the market 132 Mornington Road, Mornington for sale by Auction.This rare opportunity has the following key investment highlights:
• Rare Industrial investment with three (3) individual warehouses fully leased to various Tasmanian State Government departments.
• Warehouse A: 1,060 sqm*, Five (5) year lease to January 2027 plus options to 2037 to Department of Primary Industries Parks, Water and Environment.
• Warehouse B: 797sqm*, Five (5) year lease to June 2027 plus options to 2029 to Department of Police, Fire and Emergency Management as the State Emergency Service (SES).
• Warehouse C: 797 sqm*, Renewed Five (5) year lease to 2030 plus options to 2034 to Department of Police, Fire and Emergency Management (DPIPWE)
• Prime 12,327 sqm* freehold site with attractive ‘Light Industrial’ zoning plus an additional 5,000 sqm* of undeveloped land (with access), offering flexibility a number of diverse commercial opportunities well into the future (STCA).
• The property comprises 2,654 sqm* of total building area across three (3) separate warehouses, complemented by extensive hardstand and parking areas and a dedicated vehicle wash bay.
• Strategically located in the premium industrial precinct, surrounded by national operators including Bunnings, Mitre 10, Repco, Tradelink, PETstock, BlueScope and Australia Post.
• Attractive investor lease terms with excellent spread of income with the tenants being on-site for over 25* years.
• Current Net Income: $310,791 pa* + GST
For sale by Auction, Wednesday 6th August 2025 at 10:30am (AEST) at the Garden Room, Crown Casino, Melbourne.
Please contact Scott Newton or Richard Steedman for more information.
*Approximate
Features
General Features
- Commercial Type: Industrial/Warehouse
- Building Area: 2,654sqm
- Zoning: Light Industrial
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