Brand-new metropolitan fuel and convenience investment
Elders Commercial, in conjunction with CBRE, is pleased to present 3/9 Commerce Drive, Howrah, a brand-new Vibe fuel and convenience investment adjoining the Coles-anchored Glebe Hill Village Shopping Centre.Completed in July 2026, the property forms part of a newly developed fast-food and convenience retail centre within one of Greater Hobart’s major residential growth corridors, with approximately 3,800 new homes planned or underway in the surrounding area.
Secure long-term income: Brand-new 12-year lease to 2038, with options extending to 2058 and fixed 3% annual rental increases. The tenant is responsible for all usual outgoings, including land tax.
Established operator: Vibe is a growing fuel and convenience retailer with more than 50 locations across Australia.
Purpose-built asset: The property comprises a 240 sqm* retail store, fuel canopy and eight fuel pumps on a 946 sqm* title with seven on-site car parks.
Strong investment return: Net income of $370,000 p.a.* plus GST.
The property is one of three brand-new investments within the centre and will be offered for sale individually by Investment Portfolio Auction at 10:30 am AEDT on Wednesday, 9 December 2026, at Crown Casino, Melbourne.
For further information, please contact George Burbury or James Black.
*Approximate
Features
General Features
- Commercial Type: Retail
- Building Area: 240sqm
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