Historic Hobart CBD Hotel Opportunity | Vacant Possession with Significant Upside

Description

CBRE is pleased to offer to the market Ocean Child Inn Hotel, 86 Argyle Street (Cnr Melville Street), Hobart

+ Historic hotel established in 1844 by Thomas Richardson, reflecting Hobart’s rich maritime heritage, with major refurbishment works completed in 1939 to modernise accommodation and amenities
+ Offered with vacant possession, providing flexibility for owner-occupiers, value-add investors or hospitality operators to reposition and activate the asset
+ Prominent corner freehold with 36m* of combined frontage to Argyle and Melville Streets, delivering strong visibility and accessibility
+ Substantial landholding of 266sqm* within Hobart’s tightly held CBD
+ Expansive 852sqm* gross building area across four levels, comprising: Ground Floor 225sqm*, Level 1 208sqm*, Level 2 223sqm* and Level 3/Terrace 196sqm*
+ Favourable planning controls within Central Business & Commercial zoning, supporting a wide range of commercial, accommodation and hospitality uses (STCA)
+ Strategically positioned within Hobart’s thriving CBD, in close proximity to major national retailers including McDonald’s, Officeworks, Woolworths, Mitre 10, Mazda, Kia and Mitsubishi
+ Located within Tasmania’s capital city, benefiting from strong tourism growth, population increase and ongoing infrastructure investment, including the proposed Macquarie Point Stadium

Please contact the exclusively appointed sales team for more information.

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Matthew Wright
+61 458 290 588
matthew.wright@cbre.com

George Wilkinson
+61 439 173 049
george.wilkinson@cbre.com

*Denotes Approx.

Enquire

Contact agents
Nathan Mufale Senior Director
0421 224 354
Matthew Wright Senior Director
0458 290 588
George Wilkinson Associate Director
+61 439 173 049
Enquiry Form
Privacy(Required)

Hobart, TAS

86 Argyle Street (Cnr Melville Street)

For Sale

This property is part of Portfolio 183

Price: Contact Agent

View Portfolio
Contact agents
Enquire