103 Melville Street, 159-163 Harrington Street,
Hobart, TAS 7000
Showrooms & Large Format Retail • Development Sites & Land • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
103 Melville Street, 159-163 Harrington Street
Hobart, TAS 7000
Map
Hobart CBD's Final Block: A Generational Development Canvas
- Irreplaceable 11,799sqm* CBD Block
- Ultimate Mixed Use Development Site
- 400m* of Street Frontage
Burgess Rawson from CBRE and Ray White Tasmania are pleased to offer a generational development opportunity to the market. The CBD development site, located at 103 Melville Street & 159-163 Harrington Street, Hobart, TAS, is for sale via International Expressions of Interest, closing 3pm (AEST) Thursday, 28 August 2025.
This opportunity has the following key property highlights:
+ Hobart’s final major inner-city landholding, a generational opportunity in the heart of the CBD.
+ Irreplaceable 11,799sqm* site spanning across two freehold titles.
+ Highly desirable ‘Commercial’ zoning under the Hobart Interim Planning Scheme 2015, permitting building heights of 18m–30m with precedents of 5 and 6-storey buildings nearby.
+ The property consists of 6,508 sqm* lettable building area.
+ Occupying the last undeveloped city block with 400m* of combined street frontage to Melville, Murray, Brisbane, and Harrington Streets.
+ Prime accessibility via Murray Street arterial, just 350m* from the corner of The Cat and Fiddle Arcade, Centrepoint Shopping Centre and Carpark, Parliament Square, and many of the city's newest hotel developments, including Crowne Plaza, DoubleTree by Hilton, Ibis, and RACV Hotel.
+ Valuable holding income in place, providing immediate returns while offering future flexibility for occupation or redevelopment.
+ On-title car parking for approximately 118 vehicles, accessed from both Melville and Brisbane Streets.
+ Surrounded by important social infrastructure projects including the Royal Hobart Hospital ($565 million) (1) & UTAS Forestry Building Transformation ($131 million). (2)
+ City of Hobart: Robust and steady economy worth $9.15 billion in gross regional product. (3)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (4)
For Sale via International Expressions of Interest
Closing 3pm (AEST) Thursday, 28th August 2025
*Approximately
1 Fairborther
2The Mercury
3 REMPLAN
4 City of Hobart
This opportunity has the following key property highlights:
+ Hobart’s final major inner-city landholding, a generational opportunity in the heart of the CBD.
+ Irreplaceable 11,799sqm* site spanning across two freehold titles.
+ Highly desirable ‘Commercial’ zoning under the Hobart Interim Planning Scheme 2015, permitting building heights of 18m–30m with precedents of 5 and 6-storey buildings nearby.
+ The property consists of 6,508 sqm* lettable building area.
+ Occupying the last undeveloped city block with 400m* of combined street frontage to Melville, Murray, Brisbane, and Harrington Streets.
+ Prime accessibility via Murray Street arterial, just 350m* from the corner of The Cat and Fiddle Arcade, Centrepoint Shopping Centre and Carpark, Parliament Square, and many of the city's newest hotel developments, including Crowne Plaza, DoubleTree by Hilton, Ibis, and RACV Hotel.
+ Valuable holding income in place, providing immediate returns while offering future flexibility for occupation or redevelopment.
+ On-title car parking for approximately 118 vehicles, accessed from both Melville and Brisbane Streets.
+ Surrounded by important social infrastructure projects including the Royal Hobart Hospital ($565 million) (1) & UTAS Forestry Building Transformation ($131 million). (2)
+ City of Hobart: Robust and steady economy worth $9.15 billion in gross regional product. (3)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (4)
For Sale via International Expressions of Interest
Closing 3pm (AEST) Thursday, 28th August 2025
*Approximately
1 Fairborther
2The Mercury
3 REMPLAN
4 City of Hobart
Hobart, 7000 demographic data
The median household income for Hobart is $1,464, 5% lower than Greater Hobart's household income of $1,542. Hobart has a younger age profile compared to the rest of Greater Hobart (median age 31 vs 39). Property ownership data shows 38% of property owners in Hobart have a mortgage.
3,390
Population
$1,464 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Ray White Commercial Tasmania141 Murray Street
HOBART, TAS 7000
HOBART, TAS 7000
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