An incredibly rare opportunity exists to purchase an iconic property in the CBD of Hobart. This property on the cornerof Goulbourn and Harrington streets has stood the tests of time incredibly well and is in a prime position to either develop further or enjoy an excellent return on investment as it is.

The property consists of two shop fronts which both have significant development potential, Lot 1 a 4 bedroom upstairs unit with a seperate retail tenant downstairs including a mezzanine room and a garage with a huge storage area. Lot 3 is a fully refurbished one bedroom apartment upstairs with a retail shop on the ground floor and also has a potential 2 bedroom apartment on the 1st floor.

With a conbined rental of approx. $63k per annum this property is available for sale either separately as Lot 1 and Lot3 or combined. In its present form the building is expansive in size at 554m2. This property would lend itself to a myriad of commercial and / or residential uses. From a commercial perspective, the building could either offer multiple office spaces or common areas and / or several seperate offices all in a prime location within the CBD. From a residential angle the property could be certainly further developed to cater for the ever increasing inner city living demand