132 Davey Street, Hobart TAS 7000

Historic 1850s Georgian residence | 465m² adaptable floorplan | 1,045m² CBD-fringe landholding | dual-income outbuildings | rare off-street parking for inner Hobart This property’s competitive edge lies in its combination of scale, heritage character and flexible zoning. The 1,045m² landholding with 44% building coverage is exceptional for Hobart’s inner city, giving a buyer positional leverage few other listings offer. The eight-car parking and dual restored outbuildings create immediate income potential or separate guest accommodation, which strengthens holding capacity. It suits a buyer wanting a residence with genuine commercial optionality or a professional practice seeking a prestigious address with room to expand. The main risk is the non-residential current use and permanent heritage overlay, which may limit future redevelopment without significant council negotiation and cost. The office tenancy means a buyer cannot occupy immediately, and the $2.45M–$2.7M price band demands patient capital. The opportunity is to hold for capital growth while the outbuildings offset holding costs, or convert to residential use for a singular family home. This property works best for someone who can buy it, leave the tenancy in place, and wait.