114-118 Warwick Street, West Hobart, Tas 7000

Elders Commercial Tasmania is pleased to offer a premier investment opportunity in the highly sought-after area of West Hobart. The property spans a 1,295 sqm* parcel across three titles offering substantial development opportunity^. This versatile property boasts a diversified income profile, including three leased residential dwellings and a rear workshop securely leased by Cooper Automotive for a term of four years.

The site’s ‘Inner Residential’ zoning and multiple access points offers a compelling future development, whilst the existing use for automotive servicing offer scope for continued commercial occupancy or adaptive reuse^.  Located just 1* km from the Hobart CBD, the asset benefits from significant exposure, ample onsite parking and a rare combination of income security and long-term upside.

Key property highlights include; 
•	1,295 sqm* city fringe landholding with development potential^.
•	Diversified income stream, anchored by Cooper Automotive one of Tasmania’s leading automotive specialists.
•	Significant onsite parking for approximately 20 cars, and wide frontage to Warwick Street.
•	Estimated net income of $150,040** pa + GST, with the commercial tenant responsible for statutory outgoings.
•	Prime West Hobart location, minutes to the Hobart CBD and major arterials.
•	The property benefits from flexible existing use rights for automotive servicing, offering flexibility for future adaptive reuse, redevelopment^ or continued investment income.
•	Significant potential for residential infill development or mixed-use adaptation with zoning that supports medium density development^.

The property is for sale by Expressions of Interest closing 7th August 2025 at 4pm (AEST).

For further information or to arrange an inspection please contact the exclusive selling agents.

^ STCA
* Approx. 
** Before owner outgoings.