400 Elizabeth StreetNorth Hobart TAS 7000
Property Details for 400 Elizabeth St, North Hobart
Last Listing description (November 2023)
Knight Frank is excited to present for lease a North Hobart landmark, the 'Queens Head Hotel', situated on the corner of Elizabeth Street and Newdegate Street, North Hobart.
This well-known high-profile hotel is located in the North Hobart hospitality and retail precinct, adjacent to the State Cinema and 2 kilometres* from the Hobart CBD.
The property includes a public bar, 25 gaming machines, Keno and Tote facilities, dining area, commercial kitchen, 11 accommodation rooms all with ensuites, upstairs function area with adjoining bar and plenty of on-site parking for patrons.
The property contains a couple of value adding opportunities. The site has a vacant tenancy adjoining the Hotel, previously utilised as a drive-in bottle shop, which could be used for a multitude of uses^. In addition, there is a large carpark on a separate title at the rear of the property which provides scope to generate additional income from surplus car parks.
With the hotel having a long history of successful trading, the benefit of a quality fit out, accommodation rooms, and the ability to add further value, the Queens Head Hotel provides a fantastic opportunity for an experienced or new operator.
*Approx
^STCA
Property History for 400 Elizabeth St, North Hobart, TAS 7000
- 25 Jan 2023Listed for Rent - Price not available
- 02 Jul 1998Sold for $1,045,000
- 28 Sep 1990Sold for $974,000
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0About North Hobart 7000
The size of North Hobart is approximately 1.0 square kilometres. There are 3 parks, covering nearly 5.6% of the total area. The population of North Hobart in 2016 was 2494 people. By 2021 the population was 2600 showing a population growth of 4.2% in the area during that time. The predominant age group in North Hobart is 20-29 years. Households in North Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Hobart work in a professional occupation.In 2021, 43.80% of the homes in North Hobart were owner-occupied compared with 41.80% in 2016.
North Hobart has 1,619 properties. Over the last 5 years, Houses in North Hobart have seen a -8.25% decrease in median value, while Units have seen a -9.73% decrease. As at 30 September 2026:
- The median value for Houses in North Hobart is $898,169 while the median value for Units is $688,682.
- Houses have a median rent of $630 while Units have a median rent of $615.
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