Positioned in the vibrant heart of Hobart's CBD, this exceptional mixed-use property presents a rare opportunity to secure a blue-chip investment with a strong and diversified income stream. Comprising five fully leased tenancies across retail and residential sectors, the asset delivers stability and long-term growth potential in one of Tasmania's most tightly held commercial precincts.The ground floor features three well-established commercial tenants, each secured by long-term leases with annual CPI increases, ensuring reliable and consistent returns. Complementing the retail component are two self-contained residential apartments on the upper level, providing additional income and further diversification.Currently generating a total income of $129,802.76 per annum, this property offers investors immediate cash flow with the added benefit of future rental growth and lease security.Investment Highlights:Prime CBD location in the heart of HobartMixed-use zoning combining retail and residential opportunitiesFive fully leased tenancies providing a diversified income streamStrong annual income of $129,802.76 paSecure commercial leases with CPI increases.Two residential apartments enhancing income stabilityTotal outgoings = $16,838.44 pa (approx)44% of outgoings recoverable under the terms of the commercial leases ($7,408.91pa approx.)This tightly held asset offers an exceptional opportunity for investors seeking a secure, income-producing property with long-term upside in Hobart's thriving city centre. With its strategic location, strong tenant mix, and reliable returns, this is an investment not to be missed.A virtual walk through video is available upon request.
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 3,101 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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