Knight Frank is delighted to be marketing for sale a hospitality investment at 1/124 Davey Street, Hobart.
More commonly known as Hotel Soho and now operating as 'The Chowk', 1/124 Davey Street has been an essential part of the Hobart pub and entertainment scene for over 30 years.
The property features a large flexible entertainment space suitable for a dining capacity of up to 280 patrons, over 2 levels. The operator has a lease until October 2026 plus options and with an estimate net annual rent of $172,301* (as at October 2023).
With a gross lettable area of 990 sqm*, the site is significant and occupies a commanding position on the corner of Davey and Molle Street, Hobart. The property is equipped with a near-new commercial kitchen, cool and dry room, two large bars, 16 beer fonts and a separate managers flat.
The owner is separately offering 10 Molle Street (8 accommodation rooms), which would supplement the pub offering superbly.