SOLD
Sold on 09 Mar 2024 for $2,175,000

1/124 Davey Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 990m2
Land area: 1138m2
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Property Details for 1/124 Davey St, Hobart

Building Type
Commercial
Year Built
1870
Floor Size
990m2
Land Size
1138m2
Local Government
Hobart
Lot/Plan
1/152966

Last Listing description (August 2023)

Knight Frank is delighted to be marketing for sale a hospitality investment at 1/124 Davey Street, Hobart.

More commonly known as Hotel Soho and now operating as 'The Chowk', 1/124 Davey Street has been an essential part of the Hobart pub and entertainment scene for over 30 years.

The property features a large flexible entertainment space suitable for a dining capacity of up to 280 patrons, over 2 levels. The operator has a lease until October 2026 plus options and with an estimate net annual rent of $172,301* (as at October 2023).

With a gross lettable area of 990 sqm*, the site is significant and occupies a commanding position on the corner of Davey and Molle Street, Hobart. The property is equipped with a near-new commercial kitchen, cool and dry room, two large bars, 16 beer fonts and a separate managers flat.

The owner is separately offering 10 Molle Street (8 accommodation rooms), which would supplement the pub offering superbly.

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Property History for 1/124 Davey St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$2,175,000
09 Mar 2024
  • 09 Mar 2024
    Sold for $2,175,000
  • 31 Aug 2023
    Listed for Sale Contact Agent
  • 23 Dec 2011
    Sold for $6,450,000
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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2011 was 2,102 people. By 2016 the population was 2,298 showing a population growth of 9.3% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation. In 2011, 31.3% of the homes in Hobart were owner-occupied compared with 26.4% in 2016.

Hobart has 3,022 properties. Over the last 5 years, Houses in Hobart have seen a 22.45% increase in median value, while Units have seen a 17.97% increase. As at 31 January 2025:

  • The median value for Houses in Hobart is $1,034,070 while the median value for Units is $788,607.
  • Houses have a median rent of $615 while Units have a median rent of $550.
There are currently 9 properties listed for sale, and 8 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Hobart.

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