Substantial CBD Landholding with National Tenant Covenant
A rare opportunity to secure a significant landholding on the fringe of the Hobart CBD, combining long term national tenant income with genuine redevelopment upside. Anchored by one of Australia’s best known food brands and supported by complementary office and residential income, the property offers investors security today and developers a strategic land bank for the future. Holdings of this scale and position in the inner city rarely come to market.Key Investment Highlights:
• Substantial CBD Landholding: 4,122 sqm* across five titles, including 193-205 Murray Street, 67-67A Patrick Street and 220A Elizabeth Street, with rare triple street frontage.
• National Tenant Covenant: Majority leased to National Pies Pty Ltd, part of Patties Food Group (reported annual revenue $819m*), until December 2034 with options to 2044.
• Diversified Income: Net income of $432,880 + GST* per annum, with a national tenant, a two-level office building at 193 Murray Street and two residential flats on Patrick Street.
• Future Redevelopment Potential: Flexible zoning, part Central Business and part Commercial, providing significant long term redevelopment upside^.
• Net Lease Structure: Major tenant reimburses Council Rates, Land Tax and TasWater.
For sale by Expressions of Interest closing Thursday 10 December 2026 at 4:00 pm (AEDT).
*Approx
^STCA
Features
General Features
- Commercial Type: Industrial/Warehouse
- Building Area: 3,104sqm
- Zoning: Central Business
Can I afford 193-205 Murray Street & 67-67A Patrick Street?
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