Burgess Rawson from CBRE in conjunction with Devine Property are pleased to offer to the market 98-102 Elizabeth Street in Hobart Tasmania for sale by Expressions of Interest closing 3pm (AEST) Friday 22 August 2025.

This premium opportunity has the following key investment highlights:

+ Iconic Heritage Building in the heart of the Hobart CBD, anchored by La Sardina Loca, one of Hobart’s Premier hospitality venues.
+ Position perfect, located within Elizabeth Street which is a key entertainment and dining precinct known as ‘Little Lygon Street’ with Hobart’s most intensive concentration of restaurants.
+ Prime and significant 506sqm* landholding offering approximately 20 metres* of frontage to Elizabeth Street.
+ La Sardina Loca: Operated by a highly successful ownership group within Hobart’s hospitality scene, this vibrant neighbourhood aperitivo bar is housed in a heritage-listed sandstone building and is renowned for its Spanish and Mediterranean small plates, locally-sourced Tasmanian seafood, and innovative seasonal cocktails.
+ S.Group: Established in 2010, S.Group leveraged its deep understanding of the local Tasmanian landscape to quickly emerge as one of the region’s leading architectural firms, working on major projects including Rudeboy, Launceston Toyota, and Forico HQ.
+ Surrounded by important social infrastructure projects including the Royal Hobart Hospital ($565 million) & UTAS Forestry Building Transformation ($131 million). (1)
+ City of Hobart: Robust and steady economy worth $9.15 billion in gross regional product. (2)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (3)
+ Total retail trade in Tasmania reached $8.74 billion in early 2025, marking a 65% increase since 2014 and setting a new record for the state. (4)
+ Estimated Net Income: $323,089pa* + GST

For sale via offers over $4,800,000

*Approximately
(1) The Mercury
(2) REMPLAN
(3) City of Hobart
(4) Premier’s Media Release Record – breaking retail trade in Tasmania