141-147 Main Road
Moonah TAS 7009
For sale at $16,250,000
Generational investment opportunity anchored by two ASX listed tenants
Elders Commercial is proud to present for sale 141–147 Main Road, Moonah - a generational investment opportunity in one of Hobart’s most sought-after commercial corridors. Anchored by two ASX-listed giants - The Good Guys (part of JB Hi Fi Group, ASX:JBH) and Burson Auto Parts (ASX:BAP) - this high-performing LFR asset is underpinned by exceptional covenant strength and proven tenant performance. JB Hi Fi Group reported $10.55 billion in sales in FY25, while Burson’s parent company Bapcor recorded $2.04 billion in revenue, reinforcing the security and stability of this offering.Positioned on a 5,438 sqm* landholding with 80m* of street frontage, the offering is fully leased to three quality tenants including long-standing local operator Giffards Floorworld. With net lease structures, 100% statutory outgoing recoveries, market rent review upside, and surging demand for showroom stock in Moonah’s bulky goods strip, this asset represents a rare opportunity to acquire a premium, income-producing investment in a constrained and high-demand market.
Key Highlights
• Anchored by The Good Guys (over 100 stores nationally) and Burson Auto Parts (over 220 stores nationally)
• WALE of 3.56 years (by income) across four net lease agreements
• 100% of statutory outgoings recovered, plus partial building insurance recovery
• Rental growth potential via upcoming market reviews for Bursons Auto Parts and Giffards
• Significant 5,438 sqm* site with 80m* frontage to Main Road, Moonah
• Majority of the building is modern, tilt-panel construction completed circa 2012
• Located in a high-demand bulky goods precinct with limited competing stock
• Estimated net income of $943,084 p.a. + GST*
The property is for sale at $16,250,000.
For further information or to arrange an inspection please contact George Burbury or James Black.
Features
General Features
- Land Area: 5,438sqm
- Commercial Type: Retail
- Building Area: 3,418sqm
- Zoning: Commercial
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