251 Liverpool Street
Hobart TAS 7000
For Sale at Offers Over $3.75 million
Former Backpackers - Strategic CBD Location, Serious Potential
Opportunities of this calibre within Hobart’s CBD are tightly held and positioned approximately 300 metres west of the city centre, 251 Liverpool Street presents a standout 1,214 sqm landholding*, improved by a substantial 19 room accommodation building with on site parking.Key property highlights include:
- Established Accommodation Asset: Formerly traded as "The Nook Backpackers Hostel Hobart" the property provides 19* rooms, 10* car parks, and a current "Residential (Hostel)" Planning Permit.
- Good Holding Income with Flexibility: The majority of the rooms are currently leased on a relatively short term basis providing purchasers with flexibility going forward to owner operate, develop or re-position.
- Flexible Zoning: "Central Business" zoning unlocks a broad range of alternative uses and development opportunities^.
- Tourism Fundamentals: Positioned to capitalise on Tasmania's booming tourism market.
- The Stadium Effect: Hobart's approved new stadium is already driving increased hospitality and accommodation demand.
- Growth: Compelling future growth potential underpinned by Hobart's CBD's evolution into a true 24/7 activity hub.
With Tasmania leading the nation in business confidence and the hospitality sector recording strong occupancy growth across both commercial and short stay accommodation, demand fundamentals remain compelling**. Assets of this nature, this close to the city centre, are rarely offered to the market, presenting a genuine opportunity to secure a highly strategic CBD property with significant upside potential.
This property is offered for sale by offers over $3.75 Million.
*Approx
**(Tourism Tasmania Accommodation Report)
^ STCA
Features
General Features
- Land Area: 1,214sqm
- Commercial Type: Hotel/Leisure
- Building Area: 895sqm
- Zoning: Central Business
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