22 Cascade RoadSouth Hobart TAS 7004
Property Details for 22 Cascade Rd, South Hobart
Last Listing description (November 2023)
Knight Frank is proud to present for sale the prime investment opportunity of the Cascade Hotel, South Hobart.
This well-known high-profile hotel is located adjacent to St Johns Hospital in South Hobart, 2 kilometres* from the Hobart CBD.
Includes a public bar, dining area, drive-in bottle shop, beer garden, four apartments, large managers residence and plenty of on-site parking.
Originally constructed circa 1846, the ground floor has been recently renovated and refurbished. The site contains two titles with a total land area of 3,007 sqm* and street frontages to both Cascade Road and Wentworth Street.
The hotel has a long history of successful trading and has very little competition in this highly popular suburb
Adjacent to St. Johns Hospital in the popular suburb of South Hobart, 2 kilometres from the Hobart CBD
Property History for 22 Cascade Rd, South Hobart, TAS 7004
- 28 Jul 2023Listed for Sale Offers over $4,500,000
- 08 Feb 2023Listed for Sale For Sale - priced at $5.5 million
- 20 Dec 2002Sold for $1,000,000
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About South Hobart 7004
The size of South Hobart is approximately 9.2 square kilometres. There are 7 parks, covering nearly 9.0% of the total area. The population of South Hobart in 2016 was 5313 people. By 2021 the population was 5886 showing a population growth of 10.8% in the area during that time. The predominant age group in South Hobart is 20-29 years. Households in South Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Hobart work in a professional occupation.In 2021, 63.70% of the homes in South Hobart were owner-occupied compared with 63.40% in 2016.
South Hobart has 2,660 properties. Over the last 5 years, Houses in South Hobart have seen a 5.62% increase in median value, while Units have seen a 14.22% increase. As at 31 July 2026:
- The median value for Houses in South Hobart is $926,442 while the median value for Units is $608,338.
- Houses have a median rent of $640 while Units have a median rent of $525.
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