114-118 Warwick Street West Hobart TAS 7000

Elders Commercial Tasmania is pleased to offer a premier investment opportunity in the highly sought-after area of West Hobart. The property spans a 1,295 sqm* parcel across three titles offering substantial development opportunity^. This versatile property boasts a diversified income profile, including three leased residential dwellings and a rear workshop securely leased by Cooper Automotive for a term of four years.

The site's 'Inner Residential' zoning and multiple access points offers a compelling future development, whilst the existing use for automotive servicing offer scope for continued commercial occupancy or adaptive reuse^. Located just 1* km from the Hobart CBD, the asset benefits from significant exposure, ample onsite parking and a rare combination of income security and long-term upside.

Key property highlights include;
1,295 sqm* city fringe landholding with development potential^.
Diversified income stream, anchored by Cooper Automotive one of Tasmania's leading automotive specialists.
Significant onsite parking for approximately 20 cars, and wide frontage to Warwick Street.
Estimated net income of $136,926* pa + GST, with the commercial tenant responsible for statutory outgoings.
Prime West Hobart location, minutes to the Hobart CBD and major arterials.
The property benefits from flexible existing use rights for automotive servicing, offering flexibility for future adaptive reuse, redevelopment^ or continued investment income.
Significant potential for residential infill development or mixed-use adaptation with zoning that supports medium density development^.

The property is for sale by Expressions of Interest closing 7th August 2025 at 4pm (AEST).

For further information or to arrange an inspection please contact the exclusive selling agents.

^ STCA
* Approx.