Knight Frank present for lease this large flagship CBD retail or mixed use opportunity, located in Hobarts prized Elizabeth Street.
The property is located within a long established retail/showroom precinct, on tightly held Elizabeth Street, and within the new and upcoming university precinct adding significant further pedestrian and vehicular traffic.
The premises is a two-storey retail building, that has been occupied by only two tenants for approximately 35 years. The tenancy comprises retail/showroom on the ground floor of approximately 400 square metres.
The first floor, is accessed via internal stairs which is also used as retail, storage, small offices and is approximately 395 sqm. The property has an expansive double frontage of approximately 13 metres to Elizabeth Street, coupled with two storey height and heritage features.
This gives the property a real presence, perfect for any national retailer. This is your chance to truly secure a blank canvas and one of only a few large sites remaining in the Hobart CBD.
Call now to arrange an inspection.
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 3,100 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:
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