Sold
300 Park Street,
New Town 7008, Tasmania
Price withheld
Established 50 Room Accommodation Asset, Hobart
RWC Tasmania has been appointed to sell 300 Park Street, New Town, a 50 room motel complex offered for sale as a business and freehold going concern.
Trading as the Hobart Tower Motel, the property is situated within the established residential suburb of New Town, approximately 4kms* northwest of Hobart's CBD.
This offering comes at a time when Tasmania's accommodation sector is performing at record levels. Hobart topped the nation's capital cities for hotel occupancy for three consecutive months, with the city's hotels recording an occupancy rate of 87.89%* in March 2026, ahead of the national average. Statewide occupancy reached 87.42%, with average room rates climbing to $264.47 a night, reflecting strong and sustained demand across the visitor economy. This continued strength underpins the long term investment fundamentals of well positioned accommodation assets in greater Hobart.
Key Property Highlights Include:
• 50* rooms across multiple accommodation blocks
• Total title area of 4,758* sqm
• Lettable area of 1,934* sqm
• Freehold going concern sale, offered walk in walk out
• Recently refurbished rooms
• Positioned in a market recording some of the strongest occupancy rates in the country
For further information or to arrange an inspection, please contact Tom Balcombe at RWC Tasmania.
Trading as the Hobart Tower Motel, the property is situated within the established residential suburb of New Town, approximately 4kms* northwest of Hobart's CBD.
This offering comes at a time when Tasmania's accommodation sector is performing at record levels. Hobart topped the nation's capital cities for hotel occupancy for three consecutive months, with the city's hotels recording an occupancy rate of 87.89%* in March 2026, ahead of the national average. Statewide occupancy reached 87.42%, with average room rates climbing to $264.47 a night, reflecting strong and sustained demand across the visitor economy. This continued strength underpins the long term investment fundamentals of well positioned accommodation assets in greater Hobart.
Key Property Highlights Include:
• 50* rooms across multiple accommodation blocks
• Total title area of 4,758* sqm
• Lettable area of 1,934* sqm
• Freehold going concern sale, offered walk in walk out
• Recently refurbished rooms
• Positioned in a market recording some of the strongest occupancy rates in the country
For further information or to arrange an inspection, please contact Tom Balcombe at RWC Tasmania.
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Contact Tom Balcombe
Contact Tom Balcombe
Tom Balcombe
300 Park Street, New Town TAS 7008
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Tom Balcombe
300 Park Street, New Town TAS 7008