Located in highly sought after South Hobart, this unique and rare offering to the market will excite both developers and purchasers who have been waiting for that special real estate opportunity.
With a history of being utilised as a pie factory, Paul's Ice Cream, Grove orange juice, Old Nick Theatre and Construction warehouse the property has current Residential zoning, so put your thinking caps on, engage a creative Architect and explore this exciting inner city conversion opportunity.
The size of South Hobart is approximately 9.2 square kilometres. It has 7 parks covering nearly 9% of total area. The population of South Hobart in 2011 was 5,077 people. By 2016 the population was 5,316 showing a population growth of 4.7% in the area during that time. The predominant age group in South Hobart is 20-29 years. Households in South Hobart are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in South Hobart work in a professional occupation. In 2011, 62.4% of the homes in South Hobart were owner-occupied compared with 63.4% in 2016.
South Hobart has 2,661 properties. Over the last 5 years, Houses in South Hobart have seen a 30.64% increase in median value, while Units have seen a 19.83% increase. As at 31 October 2024:
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