xNo.5/11 Elizabeth St, Hobart is for sale. Picture: Supplied
Did you know there is a home hidden atop one of Hobart’s historic buildings?
No/5 11 Elizabeth St is located in the city’s bus mall, perched on the 1933-built Commonwealth Bank building, which was originally crafted from Oatlands sandstone by master builder Claude Cooper.
The ground floor of the building is leased to the Salvos.
With 364sq m of rooftop real estate and 177sq m of internal living — plus a massive terrace and full-length covered patio for all-weather entertaining — No.5 is described as a once-in-a-generation opportunity.
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No.5/11 Elizabeth St, Hobart.
No.5/11 Elizabeth St, Hobart.
No.5/11 Elizabeth St, Hobart.
LJ Hooker Pinnacle Property agent Ant Manton said he received a dozen inquiries within the first 24 hours of the house launching to market.
“It certainly needs some upgrading, but the location and the potential are unmatched,” he said.
“It would be ideal for an executive couple; either transformed into a penthouse masterpiece or a short-stay venture.
“It is currently rented to tenants who have lived there for quite a while.
“Exactly when the house was built is debatable, with some records showing the ‘60s and others the ‘30s.”
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No.5/11 Elizabeth St, Hobart.
No.5/11 Elizabeth St, Hobart.
The house features three oversized bedrooms with double windows for loads of natural light and city views.
There is an expansive living and dining zone, 8.6m x 6.2m, with an open-plan layout ready for a modern revamp.
The kitchen is also large, measuring 4.2m x 2.8m.
The property does not offer a carparking space.
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Artist impression.
Artist impression.
Artist impression.
Mr Manton said a location like this is bound to attract buyers.
“It is a neighbourhood on the rise positioned two blocks from the $750m Macquarie Point Urban Renewal project, tipped to reshape Hobart’s cultural and sporting scene,” he said.
“If and when the stadium goes ahead, the value of a property like this will go through the roof.
“The opportunity here is to create an inner-city masterpiece right next to the GPO, and just steps from Hobart’s cafes, restaurants, theatres, shops and a five-minute to Salamanca Place, Constitution Dock, and Hobart’s vibrant waterfront.
“Opportunities like this don’t just knock, they kick the door in.”
Private inspections are available. The property is for sale via expressions of interest.
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