97-99 Murray Street, Hobart, Tasmania
“Marillac House”, Outstanding Accommodation Facility
Business Description
Elders Commercial is privileged to present to the market for sale, “Marillac House” an immaculately presented 15 room accommodation facility in the heart of Hobart’s CBD. The property is being offered for sale fully furnished and is very well placed to take full advantage of Hobart’s growing demand for both short and long term residential accommodation as Hobart continues to transition into a modern 24/7 city.
Key highlights of the property include:
• Situated in the heart of Hobart’s CBD on a high profile, easily accessible corner site of 341 sqm* with frontage to both Murray and Bathurst Streets.
• The property is situated within the developing University of Tasmania precinct with their new CBD campus building nearing completion approx. 100 metres from the property. It is also situated a mere 150 metres* from Hobart’s central retail block and an easy 700 metre* walk to Hobart’s popular historic waterfront precinct.
• Improvements comprise a part 3 level, 15 room accommodation facility that has been extremely well maintained and refurbished over time and is immaculately presented. Communal areas include a well appointed kitchen/dining area, lounge and recreational areas and shared amenities throughout. There are also 3 car-parking bays accessed from Murray Street.
• The property will appeal to a variety of accommodation providers and investors with nothing to spend and is well positioned to capitalise on forecast further growth within this accommodation sector of Hobart, with very limited competing options.
For Sale by Expressions of Interest closing Thursday 6th November 2025 at 4:00pm (AEDT).
For more information, please contact John Blacklow or Richard Steedman.
*Approximate
Business Summary
Key Investment Insights
1. Fifteen-room accommodation facility offered fully furnished, enabling immediate revenue generation post‑purchase.
2. Immaculately presented and well maintained property, refurbished over time, reducing near‑term capital expenditure risk.
3. Part three level building with communal kitchen, dining, lounge and recreational areas, suitable for short and long stay guests.
4. Three on‑site car parking bays accessed from Murray Street, valuable in a CBD location with limited parking.
5. High profile corner site of approximately 341 sqm, frontage to both Murray and Bathurst Streets, enhancing street visibility and accessibility.
6. Located in Hobart CBD within the developing University of Tasmania precinct, approximately 100 metres from the new CBD campus building, supporting student and staff demand.
7. Only about 150 metres from Hobart’s central retail block and an easy 700 metre walk to the historic waterfront precinct, offering strong location appeal for visitors.
8. Positioned to capitalise on growing demand for short and long term residential accommodation as Hobart transitions to a 24/7 city.
9. Marketing claim of very limited competing options in the local accommodation sector, suggesting potential for strong occupancy and pricing power.
10. Sale by Expressions of Interest with a defined closing date provides a clear transactional timeline for investors.
