64 Warwick StreetHobart TAS 7000
Property Details for 64 Warwick St, Hobart
Last Listing description (December 2016)
LINK Business is proud to announce the Exclusive listing of this Award Winning, Iconic Hobart Restaurant offered to market for the first time.
This institution is located in a prime location. Finished in a superior class of standards & Decor, it is regarded as the top venue of choice in Hobart with both local and interstate guests with a reputation as the place to dine when in Hobart.
Currently only trading for dinner 6 Days a week, this business is well positioned to be further developed and grow its revenue by opening for lunches and deliveries. With the potential to open up multiple locations within Hobart.
Exciting Business Highlights include:
- Fantastic secure lease terms in Place with only 5% Of turnover.
- Brand new remodelling with no expense spared with nothing to spend.
- Brand new Commercial Kitchen.
- Blue Chip Investment.
- Plenty of room to expand.
- Impressive 58% Increase in revenue from 2014 and growing.
- Systems in place to trade under existing management.
- Impressive margins. 50% on Food and 50% on Alcohol.
- Projected 2016 Revenues to $1.8 million and above.
- Walk in walk out.
This business will suit an owner operator buyer or an investor looking to achieve outstanding return on investment.
This is a rare opportunity to acquire one of Hobart's iconic establishments and take it to the next level. This sale will not be available for long, whether you are a local buyer looking for a new venture or an interstate buyer looking at making the move to Hobart. Look no further than this opportunity.
Call me on 0401 009 469 for confidential conversation about this rare opportunity.
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/14422
Ref#14422
Broker: Farzin Hesari
Email: farzinh@linkbusiness.com.au
The purchaser to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Property History for 64 Warwick St, Hobart, TAS 7000
- 02 Jun 2016Listed for Sale Not Disclosed
- 08 Feb 2005Sold for $400,000
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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 3,095 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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