63-69 Letitia Street,
North Hobart, TAS 7000
Offices • Shops & Retail • Development Sites & Land
Key property information
Land area
Floor area
Map of 63-69 Letitia Street
Iconic Building, on a Prominent Corner Site: Invest or Develop
63-69 Letitia Street, North Hobart, is being offered for sale, subject to the existing leases.
The complex comprises 4 separate structures, developed at varying stages, as the Hobart High School and is now occupied for commercial and residential purposes.
The improvements are situated on a 4,891 sqm site, with frontages to Letitia Street, Federal Street and the Brooker Avenue, within the sought after inner City Hobart suburb of North Hobart.
The site has vehicular access off Letitia and Federal Street, with the significant advantage of providing over 70 car parks.
The majority of the property is occupied on monthly and longer term lease arrangements, presently returning a gross income of approximately $463,000 per annum and after allowing for statutory expenses and common power, generates an estimate income of approximately $426,000 per annum.
A purchaser could increase this return by refurbishing two areas currently vacant and leasing this space. together with offering for lease several car parks, which presently are not generating any income.
Alternatively, the purchaser could consider a major residential redevelopment of the site (STCA).
This is an opportunity for an astute investor and or developer to acquire a significant site, in a sought after location, and either increase the current income or undertake a major redevelopment (STCA).
Please call now for more information.
The complex comprises 4 separate structures, developed at varying stages, as the Hobart High School and is now occupied for commercial and residential purposes.
The improvements are situated on a 4,891 sqm site, with frontages to Letitia Street, Federal Street and the Brooker Avenue, within the sought after inner City Hobart suburb of North Hobart.
The site has vehicular access off Letitia and Federal Street, with the significant advantage of providing over 70 car parks.
The majority of the property is occupied on monthly and longer term lease arrangements, presently returning a gross income of approximately $463,000 per annum and after allowing for statutory expenses and common power, generates an estimate income of approximately $426,000 per annum.
A purchaser could increase this return by refurbishing two areas currently vacant and leasing this space. together with offering for lease several car parks, which presently are not generating any income.
Alternatively, the purchaser could consider a major residential redevelopment of the site (STCA).
This is an opportunity for an astute investor and or developer to acquire a significant site, in a sought after location, and either increase the current income or undertake a major redevelopment (STCA).
Please call now for more information.
North Hobart, 7000 demographic data
The median household income for North Hobart is $1,823, 18% higher than Greater Hobart's household income of $1,542. North Hobart has a younger age profile compared to the rest of Greater Hobart (median age 35 vs 39). Property ownership data shows 49% of property owners in North Hobart have a mortgage.
2,600
Population
$1,823 per week
Median household income
35 years
Median age
Renters
Most residents
Families
Most households
03 6234 55...
63-69 Letitia Street
North Hobart, TAS 7000
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