24 Salamanca Square
Battery Point TAS 7004
EOI closing 25th June at 4pm (AEST)
A Tasmanian Trophy Investment
Elders Commercial is pleased to present 24 Salamanca Square a fully leased retail investment positioned within one of Hobart’s most tightly held and sought-after commercial precincts. Anchored by long-standing hospitality operator Botanica Bar, national bakery franchise Banjo’s and infrastructure tenant Telstra.Positioned on a prominent corner within Salamanca Square and adjoining the world-renowned Salamanca Place precinct, the property comprises a substantial two-storey heritage warehouse of approximately 753sqm*. Distinguished by original sandstone walls, exposed timber roof trusses and a cathedral-ceiling attic level, this is the kind of stock that rarely comes to market in Salamanca. Within walking distance of the Hobart CBD, MONA Ferry Terminal and Battery Point village, the property benefits from exceptional exposure within one of Tasmania’s premier tourism, hospitality and commercial destinations.
Key Highlights:
• Net passing income of approximately $477,128 per annum (excl. GST)*
• Attractive WALE with renewal options extending occupancy potential through to 2040 (Botanica) and 2036 (Banjo’s).
• Income underpinned by established operator Botanica Bar, Banjo’s Corporation and Telstra Limited (ASX: TLS).
• Prominent corner position adjoining Salamanca Place within walking distance of the CBD, Brooke Street Pier and Battery Point village.
• Rare generational investment opportunity within one of Tasmania’s most tightly held commercial and hospitality precincts.
24 Salamanca Square is offered for sale by Expressions of Interest closing Thursday 25 June 2026 at 4:00pm (AEST).
For further information or to arrange an inspection, please contact George Burbury or Scott Newton.
*Approximate
Features
General Features
- Land Area: 546sqm
- Commercial Type: Retail
- Building Area: 753sqm
- Zoning: Particular Purpose
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