1/124 Davey Street, Hobart, TAS 7000 | Property Value & History | OnTheHouse
 
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1/124 Davey Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 990m2
Land area: 1138m2
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Property Details for 1/124 Davey St, Hobart

Building Type
Commercial
Year Built
1870
Floor Size
990m2
Land Size
1138m2
Local Government
Hobart
Lot/Plan
1/152966

Last Listing description (August 2023)

Knight Frank is delighted to be marketing for sale a hospitality investment at 1/124 Davey Street, Hobart.

More commonly known as Hotel Soho and now operating as 'The Chowk', 1/124 Davey Street has been an essential part of the Hobart pub and entertainment scene for over 30 years.

The property features a large flexible entertainment space suitable for a dining capacity of up to 280 patrons, over 2 levels. The operator has a lease until October 2026 plus options and with an estimate net annual rent of $172,301* (as at October 2023).

With a gross lettable area of 990 sqm*, the site is significant and occupies a commanding position on the corner of Davey and Molle Street, Hobart. The property is equipped with a near-new commercial kitchen, cool and dry room, two large bars, 16 beer fonts and a separate managers flat.

The owner is separately offering 10 Molle Street (8 accommodation rooms), which would supplement the pub offering superbly.

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Property History for 1/124 Davey St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$2,175,000
09 Mar 2024
  • 09 Mar 2024
    Sold for $2,175,000
  • 31 Aug 2023
    Listed for Sale Contact Agent
  • 23 Dec 2011
    Sold for $6,450,000
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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 -3.04% decrease in median value, while Units have seen a -0.14% decrease. As at 31 July 2026:

  • The median value for Houses in Hobart is $1,055,615 while the median value for Units is $795,401.
  • Houses have a median rent of $690 while Units have a median rent of $650.
There are currently 34 properties listed for sale, and 59 properties listed for rent in Hobart on OnTheHouse. According to Cotality's data, 94 properties were sold in the past 12 months in Hobart.

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