31A & 31B Murray Street, Hobart, TAS 7000 | Commercial for sale | OnTheHouse
FOR SALE
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31a & 31b Murray Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 107m2
Land area: 56m2
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Exceptional CBD Investments - First Time Offered in Over 60 Years

RWC Tasmania offers for sale for the first time in over 60 years, 31A & 31B Murray Street, Hobart.
Available individually or in one line, this offering represents a rare opportunity to secure two prominent retail assets in a tightly held pocket of Hobart's CBD.
Property Highlights:
• High exposure, consistent foot and vehicle traffic
• Excellent street frontage and proximity to CBD amenity
• Flexible 'Central Business' zoning, suitable for various uses^
• 31A is 45 sqm* over two levels, leased to 'Millionaires Club' to Nov '26
• 31B is 62 sqm* across two levels, leased to 'Halfway South' to Apr '26
• Both units equipped with level 1 storage and toilet amenity
• Opportunity for rental uplift through future lease renegotiation or possible owner occupier repositioning due to short term lease arrangements.
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Property Details for 31a & 31b Murray St, Hobart

Building Type
Commercial
Floor Size
107m2
Land Size
56m2
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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of 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 3,066 properties. Over the last 5 years, Houses in Hobart have seen a 10.69% increase in median value, while Units have seen a 8.33% increase. As at 30 November 2025:

  • The median value for Houses in Hobart is $990,740 while the median value for Units is $806,999.
  • Houses have a median rent of $620 while Units have a median rent of $630.
There are currently 22 properties listed for sale, and 53 properties listed for rent in Hobart on OnTheHouse. According to Cotality's data, 69 properties were sold in the past 12 months in Hobart.

Suburb Insights for Hobart 7000

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Tom Balcombe
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Mia Lilley
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RWC RWC Tasmania
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.