176 Macquarie StreetHobart TAS 7000
Property Details for 176 Macquarie St, Hobart
Last Listing description (May 2022)
Knight Frank is proud to offer for sale for the first time in nearly 20 years a significant mixed commercial and residential property situated at 176 Macquarie Street, Hobart.
This striking property comprises a two level, multi-tenanted, commercial office building, residential offering and on-site parking for approximately 4 vehicles. The site has a land area of approximately 756 sqm and a gross building area of 859 sqm. The construction of the main building occurred circa 1910 furnishing a prominent red brick faade.
176 Macquarie occupies a commanding position fronting one of Hobart's main arterial roads with some 30,000 passing vehicles daily. The property is only a short walk to both the city's main shopping precinct and all the attractions of Salamanca. Neighbouring buildings include 188 Collins Street, which is by far Hobart's largest office complex at some 27,000 sqm; the recently completed 294 room Ibis Hotel that sits opposite; the stunning CCAMLR building located east; and the Australian Taxation Office directly to the north.
This property offers investors and part occupiers a rare opportunity to acquire a highly flexible asset that is currently partially occupied.
The property is for sale at offers over $2.85 million.
Property History for 176 Macquarie St, Hobart, TAS 7000
- 23 Mar 2022Listed for Sale Offers over $2.85 million
- 21 Mar 2022Sold for $2,750,000
- 15 Sep 2009Listed for Rent $35,000 / year
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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 3,095 properties. Over the last 5 years, Houses in Hobart have seen a -1.20% decrease in median value, while Units have seen a 10.64% increase. As at 30 April 2026:
- The median value for Houses in Hobart is $1,020,757 while the median value for Units is $773,891.
- Houses have a median rent of $700 while Units have a median rent of $650.
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