CBRE from CBRE and Ray White Tasmania are pleased to offer a generational development opportunity to the market. The CBD development site, located at 103 Melville Street & 159-163 Harrington Street, Hobart, TAS, is for sale via International Expressions of Interest, closing 3pm (AEST) Thursday, 28 August 2025.
This opportunity has the following key property highlights:
+ Hobart’s final major inner-city landholding, a generational opportunity in the heart of the CBD.
+ Irreplaceable 11,799sqm* site spanning across two freehold titles.
+ Highly desirable ‘Commercial’ zoning under the Hobart Interim Planning Scheme 2015, permitting building heights of 18m–30m with precedents of 5 and 6-storey buildings nearby.
+ The property consists of 6,508 sqm* lettable building area.
+ Occupying the last undeveloped city block with 400m* of combined street frontage to Melville, Murray, Brisbane, and Harrington Streets.
+ Prime accessibility via Murray Street arterial, just 350m* from the corner of The Cat and Fiddle Arcade, Centrepoint Shopping Centre and Carpark, Parliament Square, and many of the city’s newest hotel developments, including Crowne Plaza, DoubleTree by Hilton, Ibis, and RACV Hotel.
+ Valuable holding income in place, providing immediate returns while offering future flexibility for occupation or redevelopment.
+ On-title car parking for approximately 118 vehicles, accessed from both Melville and Brisbane Streets.
+ Surrounded by important social infrastructure projects including the Royal Hobart Hospital ($565 million) (1) & UTAS Forestry Building Transformation ($131 million). (2)
+ City of Hobart: Robust and steady economy worth $9.15 billion in gross regional product. (3)
+ Booming Hobart Tourism: Visitors contribute over $1 billion annually to Hobart’s economy, making tourism a key economic driver. (4)
For Sale via International Expressions of Interest
Closing 3pm (AEST) Thursday, 28th August 2025
*Approximately
1 Fairborther
2The Mercury
3 REMPLAN
4 City of Hobart
