NORTH HOBART

290-296 ARGYLE STREET

AN outstanding commercial property with immense upside is found at 290 Argyle Street, a property that is in proximity to the Hobart CBD and well positioned in popular North Hobart.

The property is zoned 24 Light Industrial under the Hobart Interim Planning Scheme, however a number of surrounding properties have been rezoned.

The site is surrounded by inner residential and the next owner may wish to rezone for this use (STCA).

The land is 1315 sqm in size with expansive street frontage. The site has a workshop/showroom with ancillary office space.

A huge amount of traffic passes by the site’s desirable mixed use location.

Hobart’s CBD has experienced significant development in recent years and looks set to continue as the city transitions into a more modern 24/7 city.

The University of Tasmania has been central to this, with its increasing presence within Hobart’s CBD and its relocation from its Sandy Bay campus gathering pace — along with the tourism sector — prior to the onset of COVID-19.

The city continues to grow at a rapid pace, with the completion of two new hotels and another four currently under construction.