Offered together as a premier city-edge investment, the Alcorso and Lark Apartments at The Quarry House present a rare opportunity to secure two fully-furnished, architect-designed residences currently operating as high-performing short-stay accommodations in Hobart's thriving tourism and business precinct.
Strategically located on the doorstep of Hobart's CBD, these luxury apartments form part of a boutique development designed by award-winning firm Rosevear Stephenson and delivered by renowned builders Lawless Wagner in 2016. Set on a repurposed quarry site, the project delivers bold architectural expression, premium finishes, and low-maintenance urban living.
Each apartment comprises:
Investment Highlights:
- Offered fully furnished and currently operated as AirBnB accommodations
- Consistent 5-star guest reviews and excellent occupancy history
- Combined gross annual income available on request
- Dual income streams with potential for short-stay, long-term lease, or private use
- Two secure, on-title parking spaces per apartment with EV charging
- Commercial-grade lift access and gated security
- Strata-titled for flexible ownership and resale options
Ideally positioned within walking distance to Salamanca, waterfront precinct, arts and dining, and Hobart's cultural institutions, The Quarry House is a standout opportunity for investors seeking strong returns and long-term capital growth.
For investors, lifestyle buyers, or SMSFs - this dual apartment package delivers an established, income-generating asset in one of Tasmania's most in-demand locations.
The size of Glebe is approximately 0.2 square kilometres. It has 2 parks covering nearly 5.2% of total area. The population of Glebe in 2016 was 554 people. By 2021 the population was 570 showing a population growth of 2.9% in the area during that time. The predominant age group in Glebe is 20-29 years. Households in Glebe are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glebe work in a professional occupation.In 2021, 59.50% of the homes in Glebe were owner-occupied compared with 55.70% in 2016.
Glebe has 317 properties. Over the last 5 years, Houses in Glebe have seen a 23.90% increase in median value, while Units have seen a 24.74% increase. As at 30 November 2025:
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