93 Elizabeth Street, Hobart, Tasmania
Versatile CBD mixed use investment with strong track record
Business Description
Elders Commercial is pleased to present to market this three-level sandstone heritage building with basement. The property has been converted from its prior commercial use into a mixed-use retail and residential property.
The property is currently occupied by a ground floor restaurant and the upper two levels comprising 4 x high quality boutique short term accommodation apartments with excellent occupancy history and run successfully under full management.
Key Features:
• Leased ground floor restaurant
• Annual income: $266,003* excl. GST (prior to landlord outgoings)
• Premium location in the heart of Hobart
• Secure access and modern amenities
• 4 refurbished apartments with proven short-stay accommodation performance
• Total building area of 492 sqm*
This is a rare opportunity to secure a versatile investment asset in a tightly held location.
93 Elizabeth Street is for sale by Expressions of Interest closing 11th September 2025 at 4pm (AEST).
For more information, please contact Scott Newton or John Blacklow.
* Approximate
Business Summary
Key Investment Insights
1. Prime location in the heart of Hobart, a popular and growing tourist destination.
2. Versatile mixed-use property with a strong track record of successful rental income.
3. Fully leased with a ground floor restaurant and 4 boutique short-term accommodation apartments.
4. Modern amenities and secure access for tenants.
5. Potential for future growth and increased rental income.
6. Rare opportunity to acquire a sandstone heritage building in a tightly held location.
7. Proven short-stay accommodation performance with high occupancy rates.
8. Total building area of 492 sqm, providing ample space for tenants.
9. Potential for value-add opportunities through renovations or repositioning of the property.
10. Expressions of Interest closing on 11th September 2025, providing ample time for due diligence and decision-making.
