247A-251 Macquarie StreetHobart TAS 7000
Property Details for 247a-251 Macquarie St, Hobart
Last Listing description (January 2018)
This wonderful inner-city commercial and residential property represents a rare opportunity to secure a prime investment, offering buyers great returns and excellent potential for future development. Zoned Urban Mixed Use, the property includes spacious contemporary commercial office spaces spread over two levels, plus a separate, self-contained one-bedroom unit at the rear.
Positioned on approximately 405m2 of land, the property features enviable off-street parking, with space for up to six vehicles. Two of the spaces are allocated for the self-contained unit. This stunning property package also includes DA approval for the addition of an extra dwelling.
The classic faade of this c1890s building leads inside to a fabulous updated modern office space environment. Featuring an open-plan style, the first level incorporates two versatile main office spaces, easily configured to suit any number of set-ups and reverse cycle heating. There are toilet facilities here as well, plus the convenience of extra storage space under the stairs.
The upper level includes a second spacious office area with the added flexibility of a second office room, perfect as a conference, studio or staff room. There is also a kitchenette, a second sink area, plus pull-down ladder access to an attic level that is partially renovated and could be converted into any number of uses.
The separate one bedroom unit includes a private courtyard, open-plan kitchen and dining, separate living area plus a double bedroom with a walk-through robe. Perfectly located with only a short walk to the CBD, this fine commercial property will not be on offer for long.
Information Memorandum available on request.
Property History for 247a-251 Macquarie St, Hobart, TAS 7000
- 12 Jul 2017Listed for Sale buyers looking in the $760,000+ price range
- 18 Apr 2016Listed for Rent $29,000 / year
- 18 Nov 2015Listed for Rent $29,000 / 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 3,102 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.
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