147 Macquarie Street, Hobart, TAS 7000 | Commercial for sale | OnTheHouse
 
FOR SALE
Offers over $6 million

147 Macquarie Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: 11
Floor area: 2160m2
Land area: 636m2
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Value-Add CBD Freehold with Significant Income Upside

RWC Tasmania is pleased to present 147 Macquarie Street, Hobart for sale by Expressions of Interest.
Positioned on a prominent 636 sqm* site along one of Hobart's main arterial roads, this well-located freehold offers flexible accommodation across ground floor retail and five levels of office space.
This is an exceptional opportunity to acquire a well-located, income-producing CBD asset with multiple pathways to add value. Whether through active leasing, refurbishment, or future owner-occupation, the property provides flexibility to align with a range of investment strategies.
Its central location ensures excellent connectivity to Hobart's retail core, waterfront, and key services, reinforcing long-term tenant demand and capital growth prospects.
Key Investment Features:
+ Prominent 636 sqm* CBD site
+ 2,160sqm* (GBA) over five levels plus ground floor retail
+ Strong holding income with significant value-add potential
+ Diverse tenant profile including State Government, financial and design occupiers, and Domino's
+ Flexible, open-plan floorplates suited to a range of uses, including potential future conversion (STCA) such as residential or hotel
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Property Details for 147 Macquarie St, Hobart

Building Type
Commercial
Floor Size
2160m2
Land Size
636m2
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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. There are 10 parks, covering nearly 4.8% of the total area. The population of Hobart in 2016 was 2296 people. By 2021 the population was 3390 showing a population growth of 47.6% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation.In 2021, 27.40% of the homes in Hobart were owner-occupied compared with 26.40% in 2016.

Hobart has 3,102 properties. Over the last 5 years, Houses in Hobart have seen a -0.43% decrease in median value, while Units have seen a 3.37% increase. As at 31 August 2026:

  • The median value for Houses in Hobart is $1,084,039 while the median value for Units is $815,371.
  • Houses have a median rent of $685 while Units have a median rent of $650.
There are currently 31 properties listed for sale, and 64 properties listed for rent in Hobart on OnTheHouse. According to Cotality's data, 91 properties were sold in the past 12 months in Hobart.

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