Knight Frank presents for sale this iconic corner freehold asset, in the heart of the Hobart CBD.
This attractive property, with beautiful character features occupies a dominant corner position on the corner of Murray Street and Collins Street, metres from the Hobart CBD's two main shopping centres, Cat and Fiddle Arcade and Centrepoint Shopping Centre.
The ground floor is currently vacant and level 1 is leased on a monthly basis to a long-term tenant, providing fantastic scope to part owner-occupy and let the balance of the building, or occupy the whole building.
This opportunity should be strongly considered, for its irreplaceable corner location, versatile occupancy status and value add potential.
For sale via Expressions of Interest, closing Thursday, 7 December 2023 at 4pm (AEDT)
*Approx
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 3,036 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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