Sold
56-58 Melville Street,
Hobart 7000, Tasmania
Price withheld
Rare CBD Landmark with Income & Development Upside
RWC Tasmania is pleased to offer to the market 56 - 58 Melville Street, Hobart. A rare opportunity to secure two substantial adjoining buildings on one title in the heart of Hobart's CBD. Offering strong holding income and future development potential, this unique asset suits investors, developers, or future owner-occupiers.
Positioned on busy Melville Street, between Elizabeth and Murray Streets, the property enjoys excellent exposure and accessibility. It sits in the heart of the University of Tasmania precinct, opposite the nearly completed forestry building and is surrounded by Hobart's key commercial, educational and retail precincts.
The offering includes a substantial two-level office and community use facility (716sqm*) occupied by Uniting with a separate church building (540sqm*), both situated on one title, with a total site area of 2,608sqm*. The properties generate a strong and diversified income stream, with a total annual return of approximately $122,085* per annum and is benefited by two separate car parks, one leased to an adjoining office building.
This is a unique opportunity to secure a prominent, income-producing property with heritage charm and development upside in one of Hobart's most tightly held locations. Opportunities of this scale and character in the CBD are increasingly rare.
Positioned on busy Melville Street, between Elizabeth and Murray Streets, the property enjoys excellent exposure and accessibility. It sits in the heart of the University of Tasmania precinct, opposite the nearly completed forestry building and is surrounded by Hobart's key commercial, educational and retail precincts.
The offering includes a substantial two-level office and community use facility (716sqm*) occupied by Uniting with a separate church building (540sqm*), both situated on one title, with a total site area of 2,608sqm*. The properties generate a strong and diversified income stream, with a total annual return of approximately $122,085* per annum and is benefited by two separate car parks, one leased to an adjoining office building.
This is a unique opportunity to secure a prominent, income-producing property with heritage charm and development upside in one of Hobart's most tightly held locations. Opportunities of this scale and character in the CBD are increasingly rare.
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Contact Heather Mason
Contact Heather Mason
Heather Mason
56-58 Melville Street, Hobart TAS 7000
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Heather Mason
56-58 Melville Street, Hobart TAS 7000