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11 Franklin Wharf
Hobart, TAS 7000
Private Treaty - Offers In Excess of $12 million
Overview
Exceptional Waterfront Owner-Occupier Hospitality Opportunity
RWC Tasmania and HTL Property are pleased to present 11 Franklin Wharf, Hobart. This property occupies a prime location within the Sullivans Cove precinct, offering a unique opportunity for owner-occupiers or hospitality entrepreneurs to secure a high-profile waterfront site with a clear path to vacant possession.
Unlike traditional passive investments, this property provides a strategic timeline for those looking to take operational control. With leases for both the ground-floor and first-floor tenancies set to expire in mid-2027, a buyer can gain full operational control of the building in the near future.
Significant turnkey infrastructure is available, featuring a recent refurbishment exceeding $3 million, which includes premium bar fit-outs and advanced audio-visual and lighting systems, significantly lowering move-in costs.
Additionally, the property generates a net holding income of approximately $777,951 per annum (before owner outgoings) while the new operational concept is finalized.
Located directly opposite the Brooke Street Pier (MONA Ferry Terminal) and at the entrance to Salamanca Place, the site benefits from Hobart's highest density of pedestrian traffic.
Strategically positioned approximately 500 meters from the recently approved $1.13 billion Macquarie Point Stadium, this development is expected to drive unprecedented demand for hospitality and entertainment venues in the immediate vicinity.
The stadium construction is underway, and crowds are anticipated. This is a prime opportunity to secure a strategic site with attractive holding income today and total operational control tomorrow. Take the lead into Hobart's promising future.
Location
Hobart TAS 7000
Measurements
| Type | Dimensions |
|---|---|
| Building Area Sqm | 1200 |
| Floor Area | 1200 sqm |
Market Insights for Hobart TAS 7000
Other properties in this postcode
Offers over $1,250,000
4 Stevens Farm Drive, West Hobart TAS 7000
$Expressions of interest
1A Mount Stuart Road, Mount Stuart TAS 7000
Buyers Guide $740,000 - $790,000*
296 Murray Street, Hobart TAS 7000
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
