95 Macquarie Street, George Town, TAS 7253 | Commercial for sale | OnTheHouse
 
FOR SALE
OFFERS OVER $299,000 WIWO

95 Macquarie Street
George Town TAS 7253

Bedrooms: -
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Floor area: 1m2
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Freehold property sale George Town Blank Canvas Potential Cafe Bakery Restaurant Retail O/O $299,000

Rare Freehold Commercial Opportunity – George Town, Tasmania
An excellent opportunity to secure a freestanding commercial property in the heart of George Town – ideal for investors or owner-operators alike.
Zoned General Business, this solid double-brick premises has been home to the well-known Oven Bakery for over 40 years. Currently operating just 4 days per week as a semi-retirement venture by the landlord, the site presents untapped potential for new business activity.
Built in the 1970s, the building enjoys strong street presence, high visibility to passing traffic, and ample on-street parking. It’s well-suited for a bakery, café, restaurant (STCA) or any retail business.
Property Highlights:
Freestanding double-brick building on a prominent site
Zoned General Business – versatile usage (STCA)
Estimated rental income: $365–$400 per week
Potential net yield of over 6%
Seating for approx. 12–15 customers
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Property Details for 95 Macquarie St, George Town

Building Type
Commercial
Floor Size
1m2
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About George Town 7253

The size of George Town is approximately 104.8 square kilometres. It has 26 parks covering nearly 26.7% of total area. The population of George Town in 2016 was 4347 people. By 2021 the population was 4536 showing a population growth of 4.4% in the area during that time. The predominant age group in George Town is 60-69 years. Households in George Town are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in George Town work in a labourer occupation.In 2021, 62.70% of the homes in George Town were owner-occupied compared with 59.20% in 2016.

George Town has 2,669 properties. Over the last 5 years, Houses in George Town have seen a 61.01% increase in median value, while Units have seen a 91.97% increase. As at 31 October 2025:

  • The median value for Houses in George Town is $391,939 while the median value for Units is $352,423.
  • Houses have a median rent of $400 while Units have a median rent of $290.
There are currently 38 properties listed for sale, and 8 properties listed for rent in George town on OnTheHouse. According to Cotality's data, 145 properties were sold in the past 12 months in George town.

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Paul Scott
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