K&D Site, K&D Site, 103 Melville Street,
Hobart, TAS 7000

Showrooms & Large Format Retail • Development Sites & Land

Key property information

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Map of K&D Site, K&D Site, 103 Melville Street

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Hobart's Strategic Mega Site

We have 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?

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

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