No.27 Salamanca Pl, Battery Point. Picture: Supplied
It has been 48 years since this Salamanca property was last available to buy.
And its agent expects global interest in acquiring it.
No.27 Salamanca Pl, Battery Point, is home to Waterman’s Hotel, featuring boutique apartments, and a bar and restaurant.
With over 450sq m of space, it is one of the largest ground floor licensed venues in Salamanca.
Above the eatery are eight fully self-contained short-stay apartments designed by Tasmanian architect Mark Drury.
Not only was the building convict-built, but the stone used in its walls was quarried in Salamanca.
It also boasts the only licensed and serviced beer garden in Salamanca.
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No.27 Salamanca Pl, Battery Point.
No.27 Salamanca Pl, Battery Point.
No.27 Salamanca Pl, Battery Point.
Fall Real Estate agent Justin Parr described the property as “irreplaceable”.
He said an asset like this one does not come along often.
“There is the sale of Irish Murphy’s, and Rockwall, but it is an exclusive list of comparable properties in Salamanca Pl,” he said.
“We are marketing it locally, interstate — including WA and Qld — and internationally in markets such as Hong Kong.
“It could be purchased by a super fund or a high net worth individual.
“Something historic like this has an element of emotion alongside the impressive figures; so it will be fascinating to see who buys it.”
This landmark heritage building is fully leased, with both tenants on long-term leases. It generates a net income in excess of $296,000 per year.
The “top tier” award-winning bar-restaurant tenant has been trading at this site for about 25 years.
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No.27 Salamanca Pl, Battery Point.
No.27 Salamanca Pl, Battery Point.
No.27 Salamanca Pl, Battery Point.
Mr Parr cited the nearby Moss Hotel as the type of sympathetic property development achievable in this historic precinct.
He said preliminary conversations have occurred with Heritage Tasmania regarding what could be possible, subject to approvals, at No. 27.
“For those with the desire and means, they could potentially increase the accommodation offering with 14 more apartments in keeping with the beautiful Salamanca area that we all adore,” he said. “That is highly attractive upside for the right purchaser.”
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No.27 Salamanca Pl, Battery Point.
No.27 Salamanca Pl, Battery Point.
Situated at the epicentre of Salamanca’s renowned waterfront precinct, this rare offering enjoys immediate proximity to Hobart’s CBD.
The precinct’s investment trajectory is strengthened by significant tourism growth, the approved Macquarie Point Stadium development, and the $200m Hobart Airport expansion.
The weekly Salamanca Markets draw tens of thousands of visitors, while the Mona Ferry Terminal sits just 200m from the hotel.
Mr Parr said this holding delivers unmatched scale, prominence and diversified income potential within one of the nation’s most coveted waterfront commercial precincts.
No.27 Salamanca Pl, Battery Point is for sale by expressions of interest, closing on April 7 at 12pm, unless sold prior.