234-250 Elizabeth Street, Hobart, Tas 7000

Ray White Commercial Tasmania and CBRE are pleased to present 234-250 Elizabeth Street, North Hobart to the market - a substantial and strategically located site with an approved development application and holding income. 

Positioned within the key corridor between Hobart's CBD and the vibrant North Hobart entertainment precinct, this property represents an exceptional opportunity. This premium offering is underpinned by the following key attributes:

+ High quality development approval for Build to Sell + Hotel - 49 apartments & 145 hotel rooms, 6 commercial tenancies & 102 carparks
+ Alternative Schemes: Build to Rent - 138 apartments, 7 commercial tenancies & 102 carparks. Build to Rent + Hotel - 68 apartments and 145 hotel rooms, 7 commercial tenancies & 102 carparks or 264 hotel rooms, with scope for more and 6 commercial tenancies & 100 carparks
+ Strategic location, with 70m* frontage to Elizabeth Street, situated on the fringe of Hobart's CBD, North Hobart and with easy access to the northern suburbs
+ Substantial site area of 3,720sqm* contained over four titles
+ Estimated Gross Holding income: $180,628* per annum, with development favourable lease clauses
+ Currently zoned "Central Business" under the Hobart Interim Planning Scheme - 2015, comprising heritage buildings, substantial car parking and dual access from Elizabeth Street and Warwick Street
+ Capitalise on Hobart's renewed momentum around the AFL stadium and Macquarie Point development, which could further drive economic growth

For more information or to arrange an inspection, please contact the undersigned agents.

*Approximate