147 Macquarie Street
Hobart, TAS 7000

Overview

Value-Add CBD Freehold with Significant Income Upside

This commercial property at 147 Macquarie Street, Hobart, is offered for sale by Expressions of Interest, presenting a valuable opportunity in the central business district. Situated on a prominent 636 square meter site along one of Hobart's main arterial roads, the freehold property features a substantial building footprint of approximately 1,285 square meters. The accommodation is flexible, spanning ground floor retail space and five levels of office areas, making it suitable for a variety of commercial uses.

The property represents an exceptional investment prospect, combining a well-located, income-producing asset with significant potential for value enhancement. Investors or owner-occupiers can explore multiple strategies to maximize returns, including active leasing management, refurbishment, or future redevelopment opportunities subject to council approval.

Its central location ensures excellent connectivity to Hobart's retail core, waterfront precinct, and essential services, supporting sustained tenant demand and promising capital growth. The building currently enjoys a strong holding income, with a diverse tenant mix including State Government entities, financial and design firms, and a Domino's outlet, with occupancy levels around 97%.

Key features of the investment include:

• Prominent 636 square meter CBD site
• 1,285 square meter building spread over five levels plus ground floor retail
• Strong holding income with significant value-add potential
• Diverse tenant profile including government, financial, design, and retail tenants
• Flexible, open-plan floorplates adaptable to various uses, including potential future conversion to residential or hotel accommodation, subject to council approval
• 11 on-site rear car parks providing convenient parking options
• High exposure location with excellent natural light throughout the building
• 5-Star NABERS Energy rating, reflecting energy efficiency
• Zoned as Central Business under the Hobart Interim Planning Scheme

This offering is a rare chance to acquire a versatile CBD building with immediate income and long-term growth prospects, suitable for a range of investment or owner-occupation strategies.

All measurements and figures are approximate and should be independently verified.

Location