Ant's "Fluff-Free' Description...
Opportunities like this don't just knock - they practically book themselves out for the next 12 months.
Welcome to 5/11 Elizabeth Street - a once-in-a-generation chance to own the entire rooftop of one of Hobart's most iconic buildings.
Sitting right on the doorstep of the proposed Macquarie Point Arts, Entertainment & Sports Precinct (with multi-purpose stadium, subject to approval), this is a short-stay investor's dream.
Whether you see it as a high-end Airbnb, boutique hotel conversion, or premium guest retreat (STCA), the numbers here stack up - location, scale, history, and serious guest appeal.
Why Investors Will Love It
* 364sqm rooftop real estate - approx. 177sqm internal plus sprawling terrace and covered patio - a built-in "wow factor" for short-stay guests.
* (Three oversized bedrooms - king-size proportions, double windows, and city views that scream "premium nightly rate."
* Expansive living & dining zone - perfect for group bookings, families, or executive stays.
* Large, flexible kitchen footprint - reconfigure into a chef's showcase kitchen and watch your reviews hit five stars.
* Heritage character - perched atop the 1933 Oatlands sandstone Commonwealth Bank building - unique history is a booking magnet.
* Location, location - step outside to cafes, restaurants, theatres, and Salamanca Place within 5 minutes. Tourists won't need a car - which is exactly what they want.
* Future proof - two blocks from the $750m Macquarie Point Urban Renewal project, set to supercharge demand.
* Holding income - already tenanted, so you're earning while planning your short-stay transformation.
* Flexible outcomes - renovate into luxury short-stay, split into boutique apartments, or blend guest accommodation with private penthouse use (STCA).
Hobart was crowned Best City in Australia, New Zealand & the South Pacific by Travel + Leisure in 2023 - and this address puts your investment right in the middle of it all.
Tourists, event-goers, corporate travellers, festival hoppers - they'll all be queuing for this spot. And when the stadium lights go on, so will your returns.
Snap it up before someone else does.
Onwards and upwards - to short-stay success!
"I Work Harder - It's THAT Simple!"
Disclaimer: The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
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