247 Elizabeth Street, Hobart, TAS 7000 | Commercial for sale | OnTheHouse
 
FOR SALE
Private Treaty excess of $4,950,000 + GST

247 Elizabeth Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 5591m2
Land area: 1389m2
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Landmark Heritage Building with Substantial Existing Infrastructure and Future Development Potential

RWC Tasmania is proud to offer for sale or lease, for only the second time in over 100 years, this exceptional heritage property occupying a prominent corner site within Hobart's popular 'Mid Town' precinct.
Originally constructed circa 1890 as a purpose-built brewery, this impressive multi-level structure stands as a testament to superior craftsmanship and enduring construction quality. Built from substantial materials typical of its era, the property has evolved over time through a series of adaptive modifications and now provides over 5000sqm* GLA of untapped development potential.
With over 5,000sqm* of improvements on a 1,338sqm* site, the scale and integrity of the existing infrastructure present enormous value, offering flexible reuse potential and significant cost advantages compared with new construction. The building's solid heritage fabric and expansive floor plates provide an ideal foundation for refurbishment or redevelopment across a range of potential uses (STCA).
The property benefits from an active development approval for Distillery, and carrying a favourable 'Central Business' zoning, the site is ready for activation or to re-position to a variety of future possibilities including residential, hotel, commercial and retail developments, or a combination thereof.
The property is for sale via Private Treaty offers in excess of $4,950,000 or for lease via negotiation.
*Approximate

Property Details for 247 Elizabeth St, Hobart

Building Type
Commercial
Floor Size
5591m2
Land Size
1389m2
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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 3,099 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 35 properties listed for sale, and 58 properties listed for rent in Hobart on OnTheHouse. According to Cotality's data, 85 properties were sold in the past 12 months in Hobart.

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Trevor Fox
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Claude Alcorso
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