97-99 Murray Street, Hobart, Tasmania
“Marillac House”, Outstanding Accommodation Facility
SOLD
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. Prime Hobart CBD corner site, approx. 341 sqm, dual frontage to Murray and Bathurst Streets, high profile and easily accessible.
2. Immediate proximity to the developing University of Tasmania CBD precinct, approx. 100 metres to the new campus building.
3. Very central retail and leisure location, approx. 150 metres to Hobart’s central retail block and an easy 700 metre walk to the historic waterfront precinct.
4. Part three-level accommodation facility comprising 15 rooms, presented immaculately and offered fully furnished.
5. Proven maintenance and refurbishment history, indicating low short-term capital expenditure requirements.
6. On-site communal facilities include a well appointed kitchen and dining area, lounge and recreational spaces, with shared amenities throughout.
7. Includes three car-parking bays with access from Murray Street, a valuable asset in the CBD.
8. Positioned to capture both short-term and long-term residential demand as Hobart transitions toward a modern 24/7 city.
9. Market appeal to a variety of accommodation providers and investors, advertised as having “nothing to spend.”
10. Limited competing options in this accommodation sector, supporting potential upside from forecasted growth.
11. Sale by Expressions of Interest, closing Thursday 6 November 2025 at 4:00pm AEDT, enquiries via agents John Blacklow or Richard Steedman.
