16 Franklin Street, Richmond TAS 7025

Richmond Barracks is a unique property that offers a blend of heritage charm, lifestyle flexibility, and income potential, set just minutes from the historic village center of Richmond. Situated on a generous 1,323 square meters elevated corner site, the estate melds colonial architecture dating back to 1825 with modern comforts spread across multiple independent living spaces.

The main residence, originally two adjoining cottages for soldiers overseeing the Richmond Bridge construction and the Richmond Gaol, has been sympathetically combined to preserve its historic character. Inside, traditional timber floors and twin fireplaces create warmth and period ambiance, complemented by a reverse-cycle air conditioner for year-round comfort. The home includes two bedrooms plus a loft room ideal as a third bedroom or study, an open-plan living and dining area, a timber kitchen, reception/office space, bathroom, and laundry. This layout encourages a private family lifestyle alongside the possibility of running the accommodation business onsite.

• Diverse accommodation options: The property includes three charming guest cottages, each with unique character and self-contained facilities. Lady Esther Cottage is a two-story, two-bedroom unit suitable for up to four guests; The Retreat Cottage offers a welcoming one-bedroom space for up to three guests; and The Cellar Studio Cottage is a cozy studio perfect for couples. All cottages come fully furnished with kitchenettes, private bathrooms, and reverse-cycle air conditioning, designed to deliver comfortable, independent living for guests or family members.
• Established business opportunity: Operating since 2000, the Richmond Barracks Accommodation business has garnered respected accolades such as the 2018 TripAdvisor Hall of Fame award and a 2020 HotelsCombined Recognition of Excellence. Tailored around the vendor’s preferred lifestyle, it presents a solid growth platform for a purchaser looking to expand trading, adjust minimum stay requirements, or innovate with guest accommodation arrangements.
• Multi-generational appeal: With four separate living quarters, the property suits extended families seeking the benefits of close proximity combined with independence, fostering a shared yet private family haven.

Outside, the grounds are thoughtfully designed for ease of maintenance with established gardens and inviting outdoor spaces. A private courtyard provides a tranquil spot to unwind, while ample parking accommodates seven or more vehicles. Additional features include a garage, storage shed, and a substantial wine cellar approximately 4m by 3m in size.

Locational advantages are notable; just a short 300-meter stroll to Richmond’s historic village, owners and guests can easily access cafés, galleries, boutique shops, the iconic Richmond Bridge, and the renowned Coal River Valley wineries and restaurants. Hobart Airport and the city are conveniently accessible, making this property a strategic lifestyle and investment choice.

Richmond Barracks stands as a rare opportunity to own a significant piece of Tasmanian colonial history, combined with a versatile living situation and an established, award-winning hospitality business. The property invites various ownership possibilities, whether continuing the accommodation enterprise or evolving a distinctive family estate.