247 Elizabeth Street,
Hobart, TAS 7000
Shops & Retail • Other
Key property information
Floor area
Map of 247 Elizabeth Street
Massive Opportunity, Heaps of Options
Edwards Windsor have the privilege of offering for sale for the first time in over 100 years, a substantial heritage building, situated on a prominent corner location, in an improving fringe CBD commercial and residential precinct.
The building on the site is a multi-level structure, constructed in approximately 1890, as a purpose built brewery and which has had various modifications over subsequent years to now principally accommodate retail and storage uses.
The improvements have an area of over 5,000 sqm and is situated on a site area of 1,338 sqm, with extensive frontages to both Elizabeth and Warwick Street.
The site is zoned ‘Central Business’ which allows the opportunity to undertake a re-development of the building for residential, Hotel, commercial and retail uses or a combination (STCA). Alternatively the property could be continued to use for the current retail, office and storage use.
The entire property is held under a short lease agreement to the occupier of the Elizabeth Street ground floor area, expiring 31 December 2018.
The head lessee sub leases the upper levels of the building to various individual operators and therefore the opportunity exists at the end of the current lease for individual leases to be negotiated with the various occupants and in our opinion substantially increase the current rental.
The property is for sale by Private Treaty at a price of $3,495,000.
Call us now for more information
The building on the site is a multi-level structure, constructed in approximately 1890, as a purpose built brewery and which has had various modifications over subsequent years to now principally accommodate retail and storage uses.
The improvements have an area of over 5,000 sqm and is situated on a site area of 1,338 sqm, with extensive frontages to both Elizabeth and Warwick Street.
The site is zoned ‘Central Business’ which allows the opportunity to undertake a re-development of the building for residential, Hotel, commercial and retail uses or a combination (STCA). Alternatively the property could be continued to use for the current retail, office and storage use.
The entire property is held under a short lease agreement to the occupier of the Elizabeth Street ground floor area, expiring 31 December 2018.
The head lessee sub leases the upper levels of the building to various individual operators and therefore the opportunity exists at the end of the current lease for individual leases to be negotiated with the various occupants and in our opinion substantially increase the current rental.
The property is for sale by Private Treaty at a price of $3,495,000.
Call us now for more information
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
03 6234 55...
247 Elizabeth Street
Hobart, TAS 7000
Edwards Windsor - HobartLevel 2, 89 Brisbane Street
HOBART, TAS 7000
HOBART, TAS 7000
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