186 Macquarie Street, Hobart, TAS 7000 sold on 19 February 2025 | OnTheHouse
 
SOLD
Sold on 19 Feb 2025 for $4,565,000

186 Macquarie Street
Hobart TAS 7000

Bedrooms: -
Bathrooms: -
Car spaces: 55
Floor area: 2054m2
Land area: 3271m2
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Property Details for 186 Macquarie St, Hobart

Building Type
Commercial
Year Built
1969
Floor Size
2054m2
Land Size
3271m2
Local Government
Hobart
Lot/Plan
1/110411

Last Listing description (November 2023)

Knight Frank is proud to present a rare and extraordinary opportunity to acquire the strategically located St Helens Hospital site in the heart of Hobart's CBD with vacant possession.

The property is situated in a highly strategic and accessible CBD location only a mere 400 metres (approx.) from Hobart's city centre and 300 metres (approx.) from the popular Salamanca/Sullivan's Cove historic waterfront precinct.


Spanning an impressive 4,622 sqm (approx.) and some 6,198 sqm of building area with two significant street frontages, this prime property offers endless possibilities for redevelopment. The buildings have been utilised as a hospital for many years, however are highly adaptable and suit a multitude of alternative uses (STCA).

Hobart's real estate market has experienced significant growth in recent years, and this trend is expected to continue. According to Commsec, Tasmania has Australia's leading economy.

We invite expressions of interest from visionary developers, owner occupiers and investors looking to make their mark on Tasmania's vibrant capital city.

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Property History for 186 Macquarie St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$4,565,000
19 Feb 2025
  • 19 Feb 2025
    Sold for $4,565,000
  • 14 Jun 2023
    Listed for Sale Contact Agent
  • 02 Feb 2003
    Sold for $4,800,000
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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of 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 3,066 properties. Over the last 5 years, Houses in Hobart have seen a 10.69% increase in median value, while Units have seen a 8.33% increase. As at 30 November 2025:

  • The median value for Houses in Hobart is $990,740 while the median value for Units is $806,999.
  • Houses have a median rent of $620 while Units have a median rent of $630.
There are currently 21 properties listed for sale, and 50 properties listed for rent in Hobart on OnTheHouse. According to Cotality's data, 71 properties were sold in the past 12 months in Hobart.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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