FOR SALE
OFFERS OVER $299,000+SAV+FP

248-250 Argyle Street
North Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Est 22 Years Highly Profitable Motorcycle Dealership And Service Center T/O $89,000 weekly

Exciting Lifestyle Business Opportunity in Hobart City
Located just 5 minutes from Hobart's CBD, Motorworks Motorcycles has been successfully run by the current owners since its establishment in May 2002—approximately 22 years ago.
Boasting prime corner frontage on the busy Argyle Street, this business benefits from high visibility and free advertising, with thousands of vehicles passing by daily.
Selling motorcycles for 7-8 reputable franchises, including brands like KTM, Husqvarna, and Royal Enfield, offering a solid legacy setup that has been carefully built by the current owners.
Operated by 2 experienced working owners and a skilled team, including knowledgeable technicians, Motorworks Motorcycles has a growing turnover and increasing customer demand, ensuring ample business for a new owner.
Perfectly situated on a high-traffic street, this eye-catching location attracts attention from all who pass through.
The leased premises feature a spacious showroom displaying a range of motorcycles, accessories, and spare parts, along with plenty of storage space.
Additionally, there is a fully-equipped workshop for servicing a variety of motorcycles.
As a member of industry bodies TACC and VACC, the business benefits from established relationships with suppliers and clients.
With the increasing demand and solid foundation, the business is primed for expansion under new ownership.
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Property Details for 248-250 Argyle St, North Hobart

Building Type
Commercial
Floor Size
1m2

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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.

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