2 Montpelier Retreat, Salamanca presents a rare opportunity to secure a commercial asset within Tasmania's most prestigious and enduring precinct.
Positioned within the Salamanca precinct - rightfully regarded as the heart of the city's tourism and hospitality economy - this property offers investors the fundamentals that define true blue-chip real estate: location, scarcity and long-term demand. Just moments from the CBD, waterfront, Parliament precinct and major employment hubs, the asset is underpinned by exceptional walkability and enduring appeal.
Key Investment Highlights
First time offered to market in nearly 50 years
Located within the highly sought-after Salamanca precinct, Battery Point
Tightly held commercial pocket with extremely limited supply
Zoned Mixed Use under the Sullivans Cove Planning Scheme 1997
Flexible zoning allowing commercial, hospitality, residential or mixed-use outcomes (STCA)
Established tenant within a successful multi-store franchise network, occupying the premises for approximately 15 years
Net Rental Income: $78,372 + GST
Tenant responsible for all outgoings
Within walking distance to Hobart CBD, waterfront and Parliament precinct
Positioned within the epicentre of Hobart's tourism and hospitality strip
Rare opportunity to secure a foothold in one of Tasmania's most iconic commercial locations
Strong growth drivers including the approved $1.1B Macquarie Point Stadium and continued expansion of the city's hospitality and visitor economy
Hobart Airport, currently undergoing a $200 million upgrade to support growing passenger demand.
Development and expansion opportunity (STCA)
30,000-40,000 visitors each week to Salamanca Markets
Mona Ferry Terminal 200m away
For sale by expressions of interest closing 2nd April 2026 12pm (AEDT), The vendor reserves the right to accept an offer prior to this date.
*The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
The size of Battery Point is approximately 0.7 square kilometres. There are 6 parks, covering nearly 5.5% of the total area. The population of Battery Point in 2016 was 1997 people. By 2021 the population was 2096 showing a population growth of 5.0% in the area during that time. The predominant age group in Battery Point is 20-29 years. Households in Battery Point are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Battery Point work in a professional occupation.In 2021, 50.30% of the homes in Battery Point were owner-occupied compared with 51.20% in 2016.
Battery Point has 1,748 properties. Over the last 5 years, Houses in Battery Point have seen a 1.49% increase in median value, while Units have seen a -1.39% decrease. As at 30 April 2026:
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