345 Elizabeth StreetNorth Hobart TAS 7000
Property Details for 345 Elizabeth St, North Hobart
Last Listing description (July 2025)
Burgess Rawson in conjunction with Ray White Commercial Tasmania are pleased to offer to the market the trophy Nando's investment located at 345 Elizabeth Street, North Hobart for sale.
Key Investment highlights include:
+ Long 15 year net lease to Nando's through to 2032 with further options to 2042 plus additional income streams from two (2) residential apartments.
+ Investor preferred, Nando's net lease structure paying 50% of all outgoings including council rates, water and Land tax
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Prized 776 sqm* corner art deco building boasting a ground floor restaurant to Nando's corporate layout and design.
+ Diversified investment with supplementary income from two fully-leased first floor apartments with a total of 379sqm* lettable area.
+ Supported by complementary food and beverage operators as well as the State Cinema, NAB, Commonwealth Bank, Subway and Australia Post.
+ Elizabeth Street: Key entertainment and dining precinct less than 2km from CBD with Hobart's most intensive concentration of restaurants.
+ City of Hobart: Robust and steady economy worth $8.3 Billion in gross regional product. (2)
+ Tasmania: Booming retail industry seeing a 9% increase against the decade average, retail spending for Q2 2024 totalling $1.97 Billion. (3)
+ Estimated Net Income: $204,989 pa* + GST
*Approx
(1) Nandos
(2) City of Hobart Annual Report
(3) CommSec - 21/4/2024
Property History for 345 Elizabeth St, North Hobart, TAS 7000
- 18 Jul 2025Sold
- 11 Mar 2025Listed for Sale Contact agent
- 03 Apr 2019Sold for $3,292,000
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0About North Hobart 7000
The size of North Hobart is approximately 1.0 square kilometres. It has 3 parks covering nearly 5.6% of total area. The population of North Hobart in 2016 was 2494 people. By 2021 the population was 2600 showing a population growth of 4.2% in the area during that time. The predominant age group in North Hobart is 20-29 years. Households in North Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Hobart work in a professional occupation.In 2021, 43.80% of the homes in North Hobart were owner-occupied compared with 41.80% in 2016.
North Hobart has 1,610 properties. Over the last 5 years, Houses in North Hobart have seen a 24.63% increase in median value, while Units have seen a 26.19% increase. As at 30 November 2025:
- The median value for Houses in North Hobart is $922,505 while the median value for Units is $812,394.
- Houses have a median rent of $598 while Units have a median rent of $620.
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