Knight Frank is pleased to be offering for sale 175-179 Campbell Street a DA approved mixed use development site on the fringe of the Hobart CBD.
This development application has been meticulously designed for 6 stories of mixed-use consisting mainly of residential apartments plus four commercial tenancies and a basement car park of 34 spaces. The total development envelope is approximately 4,027 sqm* excluding the refurbishment of the two heritage residences fronting Campbell Street.
175-179 Campbell Street is perfectly located enabling convenient access to all amenity while the design also considers a northerly facing aspect taking advantage of the 23m* approved height limit.
A thoughtful design to stem Hobart's increasing housing demand.
*Approximately
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 3,028 properties. Over the last 5 years, Houses in Hobart have seen a 27.83% increase in median value, while Units have seen a 34.77% increase. As at 31 October 2024:
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