301 Elizabeth Street North Hobart TAS 7000

Elders Commercial is delighted to offer for sale 301 Elizabeth Street, North Hobart - home to an iconic Hobart hospitality institution, The Roaring Grill.

Situated on the high profile corner of Elizabeth & Burnett Streets, this property is located in one of Hobart's most sought-after hospitality precincts.

Key features:
Standout property featuring a well-maintained, immaculate two-storey structure, offering ample space and a strong visual presence in the area.
Located within a rapidly developing area, with potential for future capital growth via increased retail and commercial operator demand.
Renowned tenant 'The Roaring Grill', has built a reputation for consistency and a high standard of dining.
Long-term lease in place, providing stable and reliable income for investors, with the current tenant committed until January 2029, with one further five-year option.
Known hospitality precinct with adjoining businesses including Annapurna, Room for a Pony, Republic Bar and Boodle Beasley
Estimated Net income (as at 1 Feb 2025): $149,256 pa + GST (before owner outgoings)

301 Elizabeth Street represents a generational freehold offering, and should be considered by all astute commercial property investors.

301 Elizabeth Street, Hobart is for sale by Expressions of Interest closing Thursday 27th February 2025 at 4pm (AEDT)

For more information, please contact George Burbury or Mia Lilley.