CBRE and Elders Commercial Tasmania are pleased to offer to the market the ‘Hill Street Grocer & Mitre 10’ retail shopping complex, located at 110-114 Gilbert Street and Lot 2 Weld Street, Latrobe, Tasmania.

This fully leased retail asset has the following key investment highlights:

+Long term lease to Hill Street Grocer to 2035, plus 5 x 10 yr options to 2085*
+ Hill Street Grocer: Tasmanian’s largest independent grocer est. 2001, 11 stores, employing over 800 people (1)
+ Mitre 10 lease to June 2029, plus 2 x 5 yr options to 2039*. Tenant is a wholly owned subsidiary of Metcash (ASX: MTS – market cap $3.62b*)
+ The site has a rich retail history dating back to the 1880’s* and is complemented by three high street tenancies operated by Hill Street including menswear, womenswear, craft and haberdashery
+ Strategic main street site of 11,592*sqm zoned ‘General Business’, with building area of 3,754 sqm* and combined Gilbert Street frontage of in excess of 57m*
+ Highly sought after ‘investor friendly’ net lease structures
+ Dominant retail offer in catchment- ‘Hill Street’ best in class independent grocery and fresh food offer
+ Long WALE of 7.3* years.
+ Latrobe: Home to major regional hospital infrastructure, excellent highway access and short 10m* drive time to Devonport where 450,000* passengers arrive annually via the Spirit of Tasmania (2)
+ Tourism: Tasmania welcomed 1.35* million visitors to June 2025, up 3.6%*in the year ending September 2024, up 3.5% on 2023 (3)
+ Net Income: $596,986 + GST.

To be sold by Expression of Interest Closing
4:00 pm (AEDT) Wednesday 1 April 2026

*Approximate
(1) Hill Street Grocer
(2) Devonport City Council
(3) Tourism Tasmania