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302 Elizabeth Street
North Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 220m2
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Long Standing Restaurant in Prominent Location

• A high exposure site located on one of Hobart's busiest transport routes and most recognised commercial corridors.
• Nestled between the iconic North Hobart restaurant strip and Hobart's new "Mid-Town" district, it offers street frontage to Elizabeth Street of approximately 11 metres and borders John Street for approximately 30 metres, showcasing strong signage potential (STCA).
• Spacious, fully equipped restaurant (approx. 220m2 gross building area), complete with gas cookers, cool room and refrigerated work counters enabling any food operator to walk in and trade almost immediately.
• Includes one car space accessed from John Street, with rear access for deliveries.
• Nearby businesses include Room for A Pony, T-Bone Brewing Company, Shell Coles Express and Hungry Jacks.
• Zoned Urban Mixed Use under the Hobart Interim Planning Scheme 2015 the premises lends itself to many other options.
• A fantastic opportunity for new or established food operators looking to set up in this popular area.

Property Details for 302 Elizabeth St, North Hobart

Building Type
Commercial
Floor Size
220m2

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About North Hobart 7000

The size of North Hobart is approximately 1 square kilometres. It has 3 parks covering nearly 5.6% of total area. The population of North Hobart in 2011 was 2,653 people. By 2016 the population was 2,511 showing a population decline of 5.4% in the area during that time. The predominant age group in North Hobart is 20-29 years. Households in North Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Hobart work in a professional occupation. In 2011, 45.1% of the homes in North Hobart were owner-occupied compared with 41.8% in 2016.

North Hobart has 1,590 properties. Over the last 5 years, Houses in North Hobart have seen a 29.51% increase in median value, while Units have seen a 44.44% increase. As at 31 October 2024:

  • The median value for Houses in North Hobart is $921,678 while the median value for Units is $748,376.
  • Houses have a median rent of $565 while Units have a median rent of $498.
There are currently 7 properties listed for sale, and 7 properties listed for rent in North hobart on OnTheHouse. According to CoreLogic's data, 61 properties were sold in the past 12 months in North hobart.

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Annisa Burns
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Leslie Simpson
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Raine & Horne Commercial Hobart
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