91-95 Murray StreetHobart TAS 7000
Property Details for 91-95 Murray St, Hobart
Last Listing description (November 2023)
Knight Frank offers for sale this prime CBD development site ready for an astute developer or investor.
The property is strategically located in the heart of Hobart's CBD, within the city's main core retail block, opposite the Hanging Garden hospitality precinct, next to the State Library and various national and international retailers.
The site is 458 sqm* and comprises 18* surface car parks, leased to Secure Park until 30th April 2027, with a net income of $40,621* per annum, benefited by a 3-month break lease clause, providing fantastic flexibly for development or an astute investor to increase the passing income.
A perfect investment or development opportunity, with good holding income and rental growth.
*Approximately
Property History for 91-95 Murray St, Hobart, TAS 7000
- 07 Dec 2023Sold for $1,525,000
- 14 Nov 2023Listed for Sale Contact Agent
- 09 Sep 1998Sold for $275,000
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0About 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 3,036 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:
- The median value for Houses in Hobart is $1,051,039 while the median value for Units is $818,558.
- Houses have a median rent of $560 while Units have a median rent of $575.
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