5/11 Elizabeth Street, Hobart, TAS, 7000, Australia

A once-in-a-generation opportunity to invest two blocks away from Tasmania's proposed new Arts, Entertainment, and Sports Precinct, Macquarie Point.

The Macquarie Point Urban Renewal project has a multi-purpose stadium at its core (subject to approval).

This rooftop property encompassing 364m2 inside and outside is an opportunity to either renovate and generate a rental income or start from scratch with a building block limited only by your imagination (STCA).

Right next door to the GPO, immerse yourself in the heart of Hobart voted the Best City in Australia, New Zealand, and the South Pacific in the Travel + Leisure World's Best Awards 2023.

Just 5 minutes from Hobart's vibrant waterfront and historic Salamanca Place purchase the entire rooftop of an iconic and strikingly appealing historic building.

The visually striking iconic stone building itself was commissioned by the Commonwealth Bank in 1933 and built by Claude Cooper with sandstone sourced locally from Oatlands in the Tasmanian Midlands, it opened for business in the heart of the great depression years, 1934 and serviced Hobart well as the Commonwealth's principal bank until 1962, the opening year of what until recently was the bank's headquarters on the corner of Elizabeth and Liverpool street.

It is thought the penthouse was originally constructed to some degree in the 1930s and revamped and extended in the 1960s and 1980s.

Currently rented it offers so much potential for any purchaser boasting around 150m2 of living with three king-sized bedrooms, each with two windows.

This opportunity rarely comes along.