Expressions of interest sought for significant Hobart logistics site

Significant strategic logistics site

For Sale by Expressions of Interest closing
Thursday, 9 March 2023 at 4pm (AEDT).

69A – 71 LAMPTON AVENUE provides a unique opportunity to secure a large industrial site within the preferred Derwent Park light industrial precinct approximately 5 kms north of Hobart’s CBD centre, via the highly accessible Brooker Highway which forms part of greater Hobart’s arterial road network whilst Lampton Avenue is one of the main roads providing access to Derwent Park’s light industrial service area.     

The northern suburbs has experienced considerable development in recent years and is now well established as Hobart’s preferred mixed use precinct.  Situated in the precinct is the larger formal retailers including the Good Guys, Harvey Norman, Amart Furniture & Supercheap Auto, situated within 2 kilometres of the property.

The site is ideally located for re-development in the distribution and logistics sector and appeals to several uses with properties in the immediate vicinity comprising:

  • Light industrial and commercial showrooms
  • Warehouses
  • Bulky goods distribution
  • Food and materials production
  • Offices
  • Residences
  • Derwent Park and Moonah CBD location

The large level site of 7,433 sqm (approx.), is on two separate titles (6,227 sqm and 1,206 sqm) zoned ‘Light Industrial’ (Zone 18) under the Tasmanian Planning Scheme.

The property comprises a large existing warehouse structure (gross building area of approximately 3,510 sqm), a converted freestanding double storey house currently utilised as an office with frontage and presence to Lampton Avenue.  A significant concrete hardstand area provides ample parking for access to the main warehouse facility.

The property is tenanted with a short term lease expiring 30 June 2023, which will provide a short term holding income.

This is a significant redevelopment opportunity (STCA).

Scott Newton  0409 186 261

Matthew Wallace  0418 136 086

* Outlines are indicative only