OFF MARKET

349 Elizabeth Street
North Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 391m2
Land area: 348m2
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Property Details for 349 Elizabeth St, North Hobart

Building Type
Commercial
Year Built
1910
Floor Size
391m2
Land Size
348m2
Local Government
Hobart
Lot/Plan
1/77836

Last Listing description (August 2021)

CENTRAL CORNER POSITION ON THE STRIP - NEW 7 YEAR LEASE

High exposure corner position in the heart of the iconic North Hobart restaurant-retail strip. Less than 1.5km from Hobart CBD.


Part two storey building (402m approx) configured as a stylish ground floor restaurant-bar (extensively refurbished 2019) and versatile first floor accommodation with separate Elizabeth street access.

Existing Planning Permit to redevelop the upper level building and deck area as a separate bar.

Fully leased as one tenancy with popular food & beverage venue "Lizzie & Lefroy" operating from the ground level.

• New 7 year lease just commenced - Rental $155,000 per annum plus outgoings.

A rare opportunity to secure a high calibre investment in this tightly held restaurant-retail strip.

For Sale By Expressions of Interest closing Tuesday, 17th August 2021 at 3.00PM

Property History for 349 Elizabeth St, North Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$3,100,000
18 Aug 2021
Listed for Rent
$3.07k/w
29 Jan 2024
  • 25 Jul 2024
    Listed for Sale UNDER OFFER
  • 25 Jul 2024
    Listed for Rent - Price not available
  • 29 Jan 2024
    Listed for Sale Contact Agent
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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.

Suburb Insights for North Hobart 7000

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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.