Knight Frank and JLL present to the market an exceptional development opportunity in 58 Harrington Street & 59 Davey Street, Hobart. It occupies a prominent 1,322 sqm* corner position in the heart of Hobart's CBD, opposite St David's Park and is a mere 150* metres from the world renown Salamanca Place with view lines from any redevelopment through the park towards the River Derwent.
The property comprises a 3-level brick freehold building with quality existing pub with valuable gaming licence and accommodation, plus rear parking accessed via Harrington Street. The property also features a small unoccupied cottage fronting Davey Street.
The offering benefits from its flexible "Central Business" zoning, allowing for an array of development outcomes such as residential, office, hotel and more (STCA).
Harrington & Davey provides an outstanding opportunity for developers, investors, and owner occupiers to acquire this unique offering in the heart of Hobart CBD.
For Sale by Expressions of Interest closing 17 November 2022.
*approximately.
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 3,094 properties. Over the last 5 years, Houses in Hobart have seen a -0.28% decrease in median value, while Units have seen a -2.34% decrease. As at 30 June 2026:
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