28 Morrison Street Hobart, TAS, 7000

Exceptional Hobart Waterfront Opportunity

Elders Commercial, RWC Tasmania and HTL Property have been jointly appointed to offer for sale the leasehold interest in Murray Street Pier, Hobart. Positioned at the end of Murray Street in the heart of Sullivans Cove, this landmark property presents an exceptional waterfront hospitality opportunity.

Key Property Highlights Include:

• Located at One of Only Three Hobart Piers-A distinctive, curved and glazed pier-end building with water views across three sides.

• Fully Equipped Hospitality Venue-1,218 sqm* two-level venue comprising a ground-floor restaurant, bar and oyster bar with waterfront deck seating, together with a first-floor function centre featuring two function rooms, a pre-function bar and terrace.

• Significant Recent Investment-Approximately $8 million invested in refurbishment of the property in 2021, providing a ready-to-operate hospitality offering in one of Hobart’s truly unique locations.

• Long-Term Leasehold Tenure-TasPorts head lease to 30 June 2036, with a further 10-year option extending to 30 June 2046.

• Rent Reset for the New Term-The head lease rent has recently been reset at $433,809* per annum for the second term, with fixed increases of 3% on each Rent Adjustment Date.

• Unrivalled Sullivans Cove Location-Centrally positioned between Brooke Street Pier and Elizabeth Street Pier, within walking distance of Salamanca Place, the Hobart CBD and the approved Macquarie Point Stadium precinct.

• Sub-Lease Income Benefit-Supplementary income provided via sub-lease arrangement assisting to offset the head lease expense.

For Sale by Expressions of Interest closing Thursday 8 October 2026 at 4:00 pm (AEDT).

Please contact the selling agents to request the information memorandum or request an inspection.

^STCA
* Approximate