Elders Commercial has been exclusively appointed to bring to market a Landmark Tasmanian Logistics Portfolio, a rare opportunity to acquire two established industrial assets that together form one of northern Tasmania’s most significant logistics and freight landholdings.
The properties, located at 35–51 Dowling Street, Launceston and across Wright, Douglas and Stephen Streets in East Devonport; are being offered for sale by Expressions of Interest, closing Thursday 11 June 2026.
The portfolio is fully leased and generates a combined passing net income of approximately $1,300,530 per annum (excluding GST), underpinned by long-term leases to Strait Link Logistics Pty Ltd, now 100% owned by global infrastructure investment manager Igneo Infrastructure Partners.
“This is one of the most compelling industrial offerings we’ve seen come to market in Tasmania in recent years. The combination of scale, income security and locational fundamentals is rare. 35-51 Dowling street lease structure offer investors meaningful rent growth certainty with strong downside protection. It should also be noted that the Launceston site has fantastic repurposing/repositioning ability in the future”.
Fletcher Seymour, Commercial Sales & Leasing, Elders Commercial
35-51 Downling Street, Launceston
35–51 Dowling Street in Launceston is a substantial single-storey industrial complex set on an 82,980 sqm* landholding in an established mixed industrial precinct southwest of the CBD. The improved area extends to approximately 9,742 sqm* across freight depot, distribution warehouse, canopies and multiple office components, supported by over 46,000 sqm* of hardstands in concrete, bitumen, patterned paving and gravel configurations. A rail line operates directly into the property on a daily basis.
Strait Link Logistics holds the property on a five-year lease from 1 April 2025, with a further five-year option through to 2035. The passing net income of $718,461 per annum (excluding GST) reflects a blended rate of approximately $74/sqm* across the lettable area, which sits well below comparable market benchmarks; presenting meaningful reversionary upside at review. Fixed annual rental growth of 3.5% applies across both the initial and option term, with a ratchet clause preventing rental decline at market review.
35–51 Dowling Street, Launceston
The tenant is responsible for 100% of outgoings, including rates, land tax, insurance and repairs and maintenance; a structure that materially reduces landlord risk. The site also benefits from a low site coverage ratio of approximately 11.74%*, offering compelling future re-development and re-positioning potential (STCA).
“The Launceston property is a land-rich industrial holding with genuine long-term upside. You have essential freight infrastructure tenanted by a critical operator, structured on a fully net lease, with significant hardstand that has seen over $9.7 million in prior capital expenditure. The re-development angle adds another dimension for investors thinking beyond the immediate income story.”
Cale Ayres, Director, Commercial Sales & Leasing, Elders Commercial
The East Devonport component comprises a portfolio of seven titles across a 14,737 sqm* allotment, strategically positioned in the core industrial and freight precinct immediately adjacent to the Port of Devonport.
The improved area of approximately 2,234 sqm* includes warehouse, office and workshop accommodation, with a large-scale cool room and freezer facility, across dedicated tenancies occupied by both Strait Link Logistics and Team Global Express.
The asset generates a combined net income of $582,069 per annum* (excluding GST), reflecting a weighted average lease expiry (WALE) of 3.03 years as at May 2026. Strait Link’s lease runs to 31 March 2030 with a further five-year option, while Team Global Express holds to 31 March 2027 with an option through to 2032. Both leases carry fixed 3.5% annual rent increases and market reviews at option commencement subject to ratchet provisions.
“The East Devonport site is as close to essential infrastructure as you can get in the Tasmanian market. Direct adjacency to the Port, strong Bass Highway access, and two recognised logistics operators already in occupation — this is the kind of freight precinct positioning that’s almost impossible to replicate. And with the $240 million QuayLink investment underway next door, the locational fundamentals only strengthen from here.”
Clinton O’Keefe, Commercial Sales & Leasing – Northern Tasmania, Elders Commercial
East Devonport Site
The East Devonport holding sits directly adjacent to Tasmania’s busiest container port. In FY2025, the Port of Devonport accounted for approximately 28% of total state freight tonnage and 48.9% of total TEU movements statewide, recording close to 300,000 TEU movements for the year.
The precinct is set to benefit materially from the $240 million QuayLink capital works program currently underway, with completion anticipated in 2027.
The broader investment program, including TT Line’s Terminal 3 project valued at $493 million, new TT Line passenger ferries ($855 million) and a new SeaRoad freight ship ($161 million); is expected to significantly expand port capacity, trade throughput and passenger berth availability.
Strait Link Logistics is Australia’s leading Bass Strait shipping and integrated logistics provider, operating daily sailings between the Port of Burnie and the Port of Melbourne and delivering end-to-end road transport across Tasmania. The business is estimated to hold approximately 45%* of the Bass Strait freight market and was acquired in early 2026 by Igneo Infrastructure Partners, a global infrastructure investment manager with approximately A$35.3 billion* in assets under management.
East Devonport Site
Team Global Express is one of Australia and New Zealand’s largest transport and logistics businesses, employing more than 8,500 people and operating a fully integrated multimodal platform across road, rail, air and sea.
“When you look at the tenant covenant here, you’re dealing with the backbone of Tasmania’s supply chain. Strait Link, now backed by a global infrastructure fund managing over $35 billion in assets, and Team Global Express with one of the largest logistics networks in the country; these are not speculative income streams. For investors seeking genuine income security in an industrial asset, this portfolio is difficult to look past.”
Nicholas Bond, Director, Head of Commercial Sales & Leasing – Northern Tasmania, Elders Commercial
The Strait Link Portfolio is offered for sale by Expressions of Interest. Both assets may be acquired individually or as a combined portfolio. Expressions of Interest close Thursday, 11 June 2026 at 4:00pm AEST.
Inspections are by appointment only.
Cale Ayres | 0439 358 094 | cale.ayres@elders.com.au
Fletcher Seymour | 0477 036 750 | fletcher.seymour@elders.com.au
Clinton O’Keefe | 0419 610 877 | clinton.okeefe@elders.com.au
Nicholas Bond | 0414 395 007 | nicholas.bond@elders.com.au