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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 1,593 properties. Over the last 5 years, Houses in North Hobart have seen a 25.71% increase in median value, while Units have seen a 35.85% increase. As at 30 November 2024:

  • The median value for Houses in North Hobart is $900,264 while the median value for Units is $739,577.
  • Houses have a median rent of $585 while Units have a median rent of $488.
There are currently 10 properties listed for sale, and 4 properties listed for rent in North hobart on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in North hobart.

Suburb Insights for North Hobart 7000

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Annisa Burns
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Leslie Simpson
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Raine & Horne Commercial Hobart
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.