Burgess Rawson and Ray White Commercial Tasmania is pleased to offer to the market, The State Cinema’ Landmark Hobart Investment Collection located 367-379 Elizabeth Street, 31 Strahan Street & 82 Federal Street North Hobart TAS for sale via Expressions of Interest closing Thursday 13 March 2025 at 4:00pm AEDT.

This premium opportunity has the following key investment highlights:

+ State Cinema: Established in 1913 with rich heritage throughout the Hobart community with capacity for over 700 patrons and operating 11 screens including a rooftop cinema, cafe, bar and bookstore. (1)
+ Long Ten (10) year lease to 2029 plus options to 2039 to Reading International.
+ Reading Cinemas: Proven operators with long standing history in Australia with 29 locations and 210 screens across the country. (1)
+ Reading International (NASDAQ: RDI): Highly successful international entertainment powerhouse with 57 movie cinemas and 457 screens worldwide, plus large Shopping Centre ownership portfolio. (1)
+ Diversified income through six (6) additional tenancies leased to market leading tenants including Women’s legal services, Visual Eyes Sound, Lake Leather, LTB Network, Superstar Karaoke and Barry Cooper Automotive.
+ Prime and significant 3,983sqm* corner landholding, as the centrepiece to the North Hobart Commercial/Entertainment Precinct.
+ Impressive 5,043sqm* of lettable area across the collective, matching the corporate layout and design of all the tenants including an immaculate purpose-built cinema offering.
+ High profile inner metro location with development potential.
+ Position perfect, located within Elizabeth Street which is a key entertainment and dining precinct with Hobart’s most intensive concentration of restaurants.
+ Surrounded by a number of national tenants including NAB, Commonwealth Bank, Subway, Nando’s, Grill’d, Chemist Warehouse as well as renowned pubs; Queen’s Head Hotel & The Winston.
+ North Hobart: Projected to experience significant growth, with the population expected to increase by over 10.7% by 2046. (2)
+ City of Hobart: Robust and steady economy worth $9.15 Billion in gross regional product. (3)
+ Estimated Income: $1,216,995pa* + GST

For Sale via Expressions Of Interest
Closing Thursday 13th March 2025 at 4pm (AEDT)

For more information, please contact the Ray White Commercial and Burgess Rawson Sales Team:

Ray White Commercial
Claude Alscorso | 0417 586 756
Matthew Wallace | 0418 136 086

Burgess Rawson
Matthew Wright | 0458 290 588
Beau Coulter | 0413 839 898

*Approx
1. Reading International Annual Report 2024
2. .id
3. REMPLAN