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Knight Frank - Tasmania

Whole building, 74-76 Elizabeth Street Hobart, TAS 7000

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Whole building, 74-76 Elizabeth Street,
Hobart, TAS 7000

Shop & Retail • Development Sites & Land • Offices

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Knight Frank - Tasmania
Whole building, 74-76 Elizabeth Street
Hobart, TAS 7000
Knight Frank - Tasmania

Knight Frank - Tasmania

5 Victoria Street
HOBART, TAS 7000

Map of Whole building, 74-76 Elizabeth Street

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Strategic Central CBD Value Add Opportunity

  • Prime CBD location
  • Dual Street frontage
  • Upper Levels Re-development opportunity
Rare opportunity to purchase this landmark property that is ripe for re-development with substantial holding income in the heart of Hobart’s CBD.

The property occupies a high profile position adjacent to the Elizabeth Shopping Mall and University precinct and benefits from extensive retail frontages to both Elizabeth and Criterion Streets.

The ground floor is currently divided into four separate tenancies including national tenants Sheridan and Ella Bache and has a current Gross Income of $310,101 pa excl GST. The two upper levels are currently vacant and provide significant opportunity for re-development or owner occupation with each level having an area of approximately 858 sqm.

The “Central Business” zoning provides great flexibility with uses such as retail, office, residential, visitor or student accommodation either “Permitted” or “Discretionary” uses, whilst the ground floor tenants could be undisturbed with redevelopment upstairs.

Great opportunity to acquire a significant central CBD property with significant value add potential in a city that continues to lead the nation in growth as Hobart transitions into a modern 24/7 city.

For Sale by Expressions of Interest closing 25 March 2021 at 4:00pm AEST.

Property ID: 503767766Last Updated: 12 May 2021

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Knight Frank - Tasmania
5 Victoria Street
HOBART, TAS 7000
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Hayden Peck

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Hayden Peck
Knight Frank - Tasmania
Whole building, 74-76 Elizabeth Street Hobart, TAS 7000

Hi,
I’m interested in this property. Could you please provide me with more information.

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