32 Davey StreetHobart TAS 7000
Property Details for 32 Davey St, Hobart
Last Listing description (June 2026)
RWC Tasmania is pleased to present for sale 32 Davey Street, Hobart, a rare opportunity to secure a prominent three-level heritage building positioned within one of Hobart's most tightly held professional and commercial precincts.
Occupying a highly visible corner position just moments from Hobart's CBD, waterfront and the city's legal and financial district, the property combines character, flexibility and income diversity within a landmark redbrick & sandstone building. Opportunities to acquire assets of this calibre and location are exceptionally limited.
The building presents a compelling investment profile with established income complemented by significant value-add potential across multiple levels. Each floor provides a distinct opportunity for investors, owner-occupiers or developers seeking to unlock further value within a highly sought-after CBD fringe location.
The Basement offers a striking and rarely available sandstone footprint currently vacant and brimming with potential. With level access from Murray Street, the space provides an atmospheric setting ideally suited to a flagship wine cellar, boutique bar, hospitality venue or unique retail concept (STCA).
The Ground Floor is securely leased to a long-standing medical tenant, delivering reliable income and providing investors with stable "set and forget" cash flow from day one.
The First Floor comprises a light-filled professional leased office suite rich in heritage character, featuring generous proportions and flexible accommodation. This level provides the potential for continued commercial use, owner-occupation, or possible conversion to short-stay accommodation or boutique workspace (STCA).
Combining strong underlying income, heritage charm and future repositioning potential, 32 Davey Street represents a rare opportunity to secure a trophy corner asset with diversified income streams and exceptional upside within the heart of Hobart's CBD.
For more information or to arrange a private inspection, please contact the exclusive marketing agents.
Property History for 32 Davey St, Hobart, TAS 7000
- 05 Jun 2026Sold for $2,700,000
- 19 Mar 2026Listed for Sale Offers over $2.695 Million
- 27 Sep 2023Listed for Rent $99,999 / year
Recent sales nearby
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0About 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 3,098 properties. Over the last 5 years, Houses in Hobart have seen a 1.50% increase in median value, while Units have seen a 2.03% increase. As at 31 May 2026:
- The median value for Houses in Hobart is $1,033,977 while the median value for Units is $740,493.
- Houses have a median rent of $690 while Units have a median rent of $650.
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