Burgess Rawson in conjunction with Devine Property are pleased to offer to the market 33 Mornington Road in Mornington Tasmania for sale by Expressions of Interest closing 3pm (AEST) Wednesday 21 May 2025.

This opportunity has the following key investment highlights:

+ Renewed Three (3) Year net lease with one (1) further two (2) year option
+ Central Roofing Supplies: a highly regarded and established home improvement store, a subsidiary of national roofing giant Stratco.
+ Investor preferred, net lease terms with the tenant responsible for all usual outgoings excluding land tax.
+ Favorable annual rent reviews to the greater of fixed 3.0%, ensuring compounding income growth.
+ Prime 1641sqm* freehold site with attractive ‘Light Industrial’ Zoning offering flexibility a number of diverse commercial opportunities.
+The property consists of 807sqm* across one (1) two storey office/retail showroom building, and one open plan warehouse along with sealed car parking for 7 spaces.
+ Strategically located in the premium industrial precinct, surrounded by national operators including Bunnings Warehouse, Mitre 10, Repco, Tradelink, PETstock, BlueScope and Australia Post.
+ City of Hobart: Robust and steady economy worth $9.15 Billion in gross regional product. (1)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (2)
+ Net Income: $98,163pa* + GST

For Sale via Expressions of Interest
Closing at 4pm (AEST) Wednesday 21 May 2025

*Approximately
1 REMPLAN
2 City of Hobart