11 Franklin Wharf
Hobart TAS 7000
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Trophy Sullivans Cove Investment with Future Flexibility
A generational trophy asset in the heart of Hobart’s Sullivans Cove precinct, 11 Franklin Wharf is a standalone freehold investment offering unrivalled exposure. Occupied by Post Street Social and The Observatory, two of Tasmania’s most renowned hospitality venues, this landmark property sits in a high-foot-traffic location opposite the MONA Ferry Terminal, with views towards the River Derwent and surrounding waterfront buildings.Benefiting from over $3.1m* in recent refurbishments, this premium asset offers exceptional flexibility for investors and future owner-occupiers alike. With dual frontages to Franklin Wharf and Morrison Street, it presents a rare opportunity to secure a high-profile commercial holding in one of Australia’s most sought-after locations.
Key Investment Highlights:
• Unrivalled Sullivans Cove Location – Directly opposite the MONA Ferry Terminal, ensuring year-round high foot traffic.
• Standalone Freehold Asset – No adjoining structures, offering complete long-term flexibility.
• Significant Past Capital Investment – Over $3.1m* in recent refurbishments, including premium hospitality fit-outs, lighting, and sound systems.
• Future Owner-Occupier Potential – Proposed lease structure allows for future hospitality, mixed-use or commercial occupation**
• Flexible Repositioning Potential – Opportunity to convert into a boutique hotel, luxury office, or premium mixed-use asset.**
• Secure Income Stream – Fully leased to two established hospitality operators, providing a net passing income of $777,952* plus GST p.a.***
11 Franklin Wharf represents a truly generational investment opportunity.
The property is For Sale by Expressions of Interest closing 1 May 2025 at 4pm (AEST).
For more information or to arrange an inspection, contact George Burbury or Scott Newton.
**STCA
*Approximate
*** Before owner outgoings
Features
General Features
- Land Area: 679sqm
- Commercial Type: Retail
- Building Area: 1,250sqm
- Zoning: Sullivans Cove Mixed Use
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