251 Liverpool Street Hobart, TAS, 7000

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.
- Holding Income with Flexibility: 5 of the 19 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 $3.5 Million.

*Approx
**(Tourism Tasmania Accommodation Report)
^ STCA