Elders Commercial proudly presents a rare opportunity to acquire a multi-tenanted CBD freehold property at 88-90 Harrington Street, Hobart. This prime corner location boasts high exposure, a beautiful heritage façade, and is just 100 metres* from the Centrepoint Shopping Centre.

Key Highlights:
• Strategic Location: Situated on a high-profile CBD thoroughfare with significant pedestrian and vehicular traffic.
• Building Layout: Three-storey heritage property with a ground-floor retail space, a spacious three-bedroom apartment on the first floor, and separately accessed lower ground floor spaces.
• Zoning: Favourable ‘Central Business’ zoning under the Hobart Interim Planning Scheme – 2015, suiting a range of uses**.
• Current Tenancies: Ground floor and basement 1 leased to West End Newsagency; first-floor apartment leased plus additional income from leased carparks.
• Estimated Net Income: $59,743**
• Proximity to Amenities: Close to Hobart’s main shopping centres, Cat and Fiddle Arcade, and Centrepoint Shopping Centre, and well serviced by public transport.

Method of Sale: Expressions of Interest closing Thursday 1st August 2024 at 4pm (AEST).

For more information and to arrange an inspection, please contact George Burbury or Claude Alcorso.


* approximate
** before owner outgoings