93 Elizabeth Street
Hobart TAS 7000
Investment Sale - $4.5m
Great investment - 4 quality apartments plus ground floor cafe/restaurant
Elders Commercial is pleased to present to market this three-level sandstone heritage building with basement. The property has been converted from its prior commercial use into a mixed-use retail and residential property.The property is currently occupied by a ground floor restaurant and the upper two levels comprising 4 x high quality boutique short term accommodation apartments with excellent occupancy history and run successfully under full management. Latest figures show accommodation income is up 18%* from July to September 2025.
Key Features:
• Leased ground floor restaurant with net annual rent of $85,000
• Annual net income: $266,003* excl. GST (prior to any landlord outgoings)
• Premium location in the heart of Hobart
• Apartments have secure access, modern amenities, privacy and very quiet
• 4 refurbished apartments with proven short-stay accommodation performance
• Total building area of 492 sqm*
• Apartments already have strata title specifications (STCA) with indicative values of between $3,289,000 and $3,432,000
This is a rare opportunity to secure a versatile investment asset in a tightly held location.
93 Elizabeth Street is for sale for $4.5 million.
For more information on this quality asset, please contact Scott Newton or John Blacklow.
*approx.
Features
General Features
- Land Area: 202sqm
- Commercial Type: Retail
- Building Area: 492sqm
- Zoning: Central Business
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