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

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

Retail Land/Development Offices

  • Sold Contact Agent
  • Tue 06-Apr-21

Strategic Central CBD Value Add Opportunity

  • Prime CBD location
  • Dual Street frontage
  • Upper Levels Re-development opportunity

  • Land Area
  • 870.00 m² (approx)
  • Floor Area
  • 2,574 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Apr 15, 2021
  • Zoning
  • Central Business

Interested in this property? Contact an Agent today

Knight Frank - Tasmania

5 Victoria Street

Hobart Tas 7000

Richard Steedman, Knight Frank - Tasmania
Richard Steedman
Hayden Peck, Knight Frank - Tasmania
Hayden Peck

Strategic Central CBD Value Add 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.

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

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