343 Elizabeth Street
North Hobart TAS 7000
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Proven retail precinct, surrounded by national tenants, double net lease
Elders Commercial is pleased to present 343 Elizabeth Street, a secure hospitality investment in the heart of North Hobart's iconic dining strip. One of Tasmania's most tightly held commercial corridors, Elizabeth Street draws consistent foot traffic from a dense residential catchment and a steady flow of visitors, with strong trade across day and night supported by excellent public transport access, nearby parking and direct connectivity to the Hobart CBD.Neighbouring national operators Nando's, Grill'd and Zambrero, the property occupies a prominent position within an established precinct known for its award-winning venues and diverse food culture. Following a full building upgrade in 2012 for Mulan Restaurant, the premises have been well maintained ever since. With 4.5* years remaining on a double-net lease, 343 Elizabeth Street offers investors a rare combination of quality location, income security and minimal ongoing expenditure.
Key Highlights:
• Secure hospitality investment leased to Mulan Restaurant who have been operating at the property for 14 years.
• 4.5 years* remaining on the lease term, featuring a double‑net lease covenant.
• Attractive net income of $89,269* per annum, with annual CPI rent increases supporting long‑term rental growth.
• Prime position in North Hobart’s high-performing restaurant strip alongside Nando’s, Grill’d and Zambrero.
• Full building upgrade in 2012 including, new roof, kitchen, rear extension, joinery and services upgrade.
• Two‑level commercial building featuring amenities on both levels, ideal for continued hospitality or future adaptation^.
• Large commercial kitchen and extensive internal and external storage, supporting operational efficiency.
The property is for sale by Expressions of Interest closing Thursday 23rd April.
For further information or to arrange an inspection, please contact James Black or George Burbury.
*Approximate
^STCA
Features
General Features
- Land Area: 369sqm
- Commercial Type: Retail
- Building Area: 231sqm
- Zoning: General Business
Can I afford 343 Elizabeth Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
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