K&D, Ground, 103 Melville Street Hobart, TAS 7000
1.12ha (2.76 acres)
Hobart's strategic mega site
Knight Frank has the privilege to present what will be the largest and most significant CBD development site available to the market for the foreseeable future. Situated on the Northern edge of the CBD only 750 metres from the GPO, this site represents an opportunity on a scale that is truly unique. Making the acquisition even more compelling is the leaseback providing a holding income while planning and development approvals are sought. Hobart is currently experiencing it’s strongest levels of population growth in a decade, with the resulting demand for residential accommodation pushing Hobart into Nation leading capital growth. Tourism continues to strengthen with a 15% increase in international visitors in the last 12 months leading to pressure on tourist accommodation. With the eyes of the world on Hobart has there been better time to secure such a significant, key CBD site?
Property ID: 503101734Last Updated: 18 Mar 2019