Burgess Rawson in conjunction with Devine Property are pleased to offer to the market, the inner city development site located at 65 Argyle Steet, 31-33 & 35-37 Bathurst Street Hobart, TAS for sale via Expressions of Interest. (To be sold In-line or Separately)

This opportunity has the following key property highlights:

+ Long-standing prime CBD corner site, with future potential for development within the beating heart of Hobart.
+ Holding income in place, providing immediate returns while offering future flexibility for occupation or redevelopment.
+ The property consists of 913sqm* across two (2) single-storey structures, along with a gravel car park.
+ Prime 1,495qm* freehold site with attractive ‘Central Business’ Zoning offering significant development potential (STCA) and a strategic location for diverse commercial opportunities.
+ Surrounded by important social infrastructure projects including the Royal Hobart Hospital ($565 million) (1) & UTAS Forestry Building Transformation ($131 million) (2).
+ Strategic position in the heart of Hobart’s growing CBD and within 1km* of The Cat and Fiddle Arcade, Centrepoint Shopping Centre and Carpark, Parliament Square and many of the city’s newest hotel developments including Crowne Plaza, Double Tree by Hilton, Ibis and RACV Hotel.
+ City of Hobart: Robust and steady economy worth $9.15 Billion in gross regional product. (3)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (4)
+ Income: $68,829pa* + GST

For Sale via Expressions of Interest
Closing at 4pm an Wednesday 23 April 2025

*Approximately
1 Fairborther
2The Mercury
3 REMPLAN
4 City of Hobart