Unit 1 / 139-143 Hobart Road
Kings Meadows TAS 7249
Offers Over $900,000
SECURE GOVERNMENT-BACKED INVESTMENT
Positioned within the tightly held Kings Meadows commercial strip, Unit 1, 139–143 Hobart Road presents a secure, income-producing investment within one of Launceston’s most established suburban business corridors.Key Investment Highlights:
+ Securely leased to The Crown in Right of Tasmania (Department of Premier and Cabinet), providing a strong government-backed covenant
+ Estimated net income of $47,389 per annum + GST*
+ Gross income of $54,750 per annum with annual CPI rental increases
+ Lease secured until July 2029 with a further 4-year option, offering long-term income certainty
+ Approx. 150 sqm* of well-presented office accommodation
+ Functional layout including multiple offices, meeting room, kitchenette and amenities
+ Ducted air-conditioning and modern internal fitout throughout
+ Strata-titled asset within an established complex with communal on-site parking
+ High-exposure frontage to Hobart Road with strong daily passing traffic
Hobart Road is a major southern arterial linking Launceston’s CBD with surrounding residential suburbs, providing excellent exposure and accessibility. The property benefits from its position within the established Kings Meadows commercial precinct, surrounded by national retailers, service providers and essential amenities, supporting consistent demand.
Leased to a long-standing government tenant, the asset delivers a defensive investment profile underpinned by secure income, CPI growth and strong covenant strength.
This is a compelling opportunity to secure stable, long-term income backed by a government tenant in a proven suburban location.
For further information or to arrange an inspection, please contact Isabelle Firth or Cale Ayres.
Approximate
Features
General Features
- Commercial Type: Offices
- Building Area: 179sqm
Can I afford Unit 1 / 139-143 Hobart Road?
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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Enquire about Unit 1/139-143 Hobart Road, Kings Meadows, TAS, 7249