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248-250 Argyle Street, North Hobart, TAS, 7000
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248-250 Argyle Street, North Hobart, TAS, 7000

2. Property Highlights

Versatile commercial asset with development potential
  • Secure income until 2026
  • Future owner occupier opportunity
  • High profile corner site of 733 sqm*

Knight Frank has the exclusive opportunity to offer for sale 248-250 Argyle Street, Hobart a high-profile commercial asset, with development potential**.

The property is a prominent two-storey, art deco building. Constructed circa 1948 and located on a key corner within a popular mixed-use area, and a stones throw from the iconic North Hobart restaurant precinct.

The site is zoned ‘Commercial’, with a total area of 733sqm* and is currently occupied by ‘Motorworks Motorcycles’ on a 5 year lease expiring 31st May 2026 with a passing net income of $103,590 per annum + GST and no options, appealing to owner occupiers.

The building includes a showroom, offices, workshop, with a separate external workshop space and off-street parking. There is extensive storage on the first floor, which was previously used as a residential apartment and could be refurbished to its previous use**.

This is your opportunity to secure a fantastic fringe CBD asset, leased to a strong tenant with future development potential.**

Remember to mention you found this property on CommercialReady

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George Burbury
George Burbury
+61 *** *** *** show +61 408 333 523
Claude Alcorso
Claude Alcorso
+61 *** *** *** show +61 417 586 756

3. Property Location

248-250 Argyle Street, North Hobart, TAS, 7000

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4. Due Diligence

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248-250 Argyle Street, North Hobart, TAS, 7000 North Hobart
Elders Tasmania
Elders Tasmania
5 Victoria Street, Hobart, Tasmania, Australia, 7000
View Agency Profile
George Burbury
George Burbury
+61 *** *** *** show +61 408 333 523
Claude Alcorso
Claude Alcorso
+61 *** *** *** show +61 417 586 756
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