One of Hobart’s most significant industrial properties, situated on 3.1 hectares of waterfront land, is up for sale.

The waterside industrial portfolio at 6-8 Negara Crescent in Goodwood offers 12 individual titles across the 3.1 hectare level site situated around seven kilometres north of the CBD.

There are 14 tenancies within the site with a total gross building area of 9,000sq m, with the buildings having been constructed over the past 40 years.

The property will be taken to the market via an Expressions of Interest campaign run by Tom Balcombe, Scott Newton and Matthew Wallace of Knight Frank.

Mr Balcombe said the asset offered buyers the chance to purchase a once-in-a-generation waterside industrial portfolio.

"The Goodwood site is one of the most significant industrial land holdings in proximity to the CBD, with Hobart city being just a 10-minute drive to the south, and the property providing direct access to the Derwent River,” he said. 

“It is currently a de-risked investment with multiple tenants occupying the property, which has 98 per cent occupancy and an estimated net income of around $948,000 per annum.

“However with site coverage of around just 30 per cent, future development potential is a key attraction for buyers looking at this property. 

“It is currently zoned ‘light industrial’ under the current planning scheme.”

Current tenants in the Goodwood property include Anchor Wetsuits, Clean Lift Marine and the Futsal Institute.

Mr Balcombe said there was strong demand for industrial property in Hobart, from both tenants and investors, just like the wider industrial market around Australia.

“Hobart’s industrial property market is sitting at a historic low for vacancy, with occupier demand very strong.

“Tasmania is performing very well economically, sitting just after Queensland in the latest Commsec State of the States report.

“Investors are increasingly looking to Tasmania for investment properties, including in the industrial sector, with the affordability proposition attractive compared to the eastern mainland states in particular.

“The campaign for the Goodwood property began in early March and we have had a really strong level of enquiry from both local and national developers and investors, which speaks to the uniqueness and opportunity the site offers.”

The Expressions of Interest campaign for the Goodwood property will close at 4pm AEST on Thursday, April 6.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.