A prime three-level commercial building on one of Hobart’s busiest CBD strips has been listed for sale, with Elders Commercial agents Scott Newton and George Burbury launching an Expressions of Interest campaign for 74–76 Elizabeth Street. The asset sits about 30 metres from the Elizabeth Street Mall and benefits from dual frontages to Elizabeth and Criterion Streets, placing it at the centre of the city’s retail and lifestyle precinct.
74–76 Elizabeth Street, Hobart
Comprising six fully leased tenancies across office, hospitality and retail uses, the property offers an immediate, diversified income stream. The building has a strong passing net income of $535,544 + GST per annum, supported by a WALE of approximately 5.2 years (as at Oct 2025).
Scott Newton our Head of Real Estate, Tasmania emphasised how the building “offers an investment opportunity that has recently received substantial upgrades, and benefits from a strong WALE, tenancy mix, depreciation benefits and importantly is located in the heart of the Hobart’s CBD” and that “the falling interest rate environment and the lack of construction activity has created an ideal environment for investors”
Key upper-level tenants include Marinus Link (Level 1) and the Hobart Workers Club (Level 2), with ground-floor activation from Asian Town Grocer, Ella Baché and Pre-Loved.
Hobart Workers Club (Level 2)
Marinus Link (Level 1)
The building provides a gross building area of approximately 2,336 sqm on an 858 sqm site, zoned “Central Business” under the Tasmanian Planning Scheme, allowing excellent flexibility for future uses (STCA).
Recent capital works include a refurbished ground-floor foyer and new lift installation, alongside two substantial 2024 fitouts that have set a high benchmark for presentation and amenity on Levels 1 and 2.
George Burbury, Director, Commercial Sales & Leasing noting how the property “is a rare CBD investment that marries a top-tier location with long WALE income and recent capital works. The combination of national-profile office tenant and a destination hospitality venue above proven street-level retail is compelling for investors seeking defensive cash flow with upside.”
Level 1’s A-grade office delivers premium finishes, collaboration zones and acoustic treatments, while Level 2’s hospitality venue features a commercial kitchen and flexible event spaces.
74-64 Elizabeth Street, Hobart
Elders Commercial is inviting Expressions of Interest closing at 4:00pm (AEDT) on Thursday 6 November 2025.