89 Cambridge Park Drive
Cambridge TAS 7170
Contact agents
Long Wale Government Investment in Australia’s best performing Market
Elders Commercial and Knight Frank are pleased to present 89 Cambridge Park Drive, Cambridge, Hobart, Tasmania. A rare opportunity to acquire a long WALE Essential Services Government investment within Australia's best performing office market with #1 lowest vacancy and limited future supply.Key details of the opportunity include:
+ 100% leased to State Government comprising Department of Health (Ambulance Tasmania & Care@Home) & Department of Justice (Worksafe Tasmania & Consumer Building and Occupation Services)
+ 10 year WALE providing highly predictable and secure income from essential serviced based Government tenants
+ Light filled single level office building of 5,910sqm* with strategic adjoining warehouse of 987sqm*
+ Modern improvements with historical and predicted future low capex requirements
+ Estimated net annual income of $1.98 million* per annum plus GST with fixed annual increases
+ Multiple value add options to increase investor returns
+ Located in Austalia’s best performing office market with A-Grade vacancy of 2.9% and no forecasted supply
+ NABERS Energy Rating of 1.5 stars (formerly 4)
+ Substantial land holding of 28,080sqm* providing 163 onsite car parks and further development potential (STCA)
Located 10 minutes* east of the Hobart CBD, Cambridge has emerged as Tasmania’s primary government and commercial precinct, underpinned by strong connectivity, proximity to the Hobart International Airport and rapidly expanding Eastern Growth Corridor.
89 Cambridge Park Drive is being offered for Sale via Expressions of Interest closing Wednesday 27th May 2026 at 2pm (AEST).
For further information or to arrange an inspection, please contact Scott Newton or Richard Steedman, Elders Hobart.
*Approx
Please contact the agents for further information.
Features
General Features
- Land Area: 2.8hect
- Commercial Type: Offices
- Building Area: 6,897sqm
Can I afford 89 Cambridge Park Drive?
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.
Calculators
Elders Real Estate Hobart
Enquire about 89 Cambridge Park Drive, Cambridge, TAS, 7170