89-93 Macquarie Street, Hobart TAS

For Sale




Knight Frank Hobart is pleased to have received formal instructions to offer For Sale "The Mercury Building", 89 - 93 Macquarie Street, Hobart, including the heritage listed "Ingle Hall", on behalf of our client David Brothers Proprietary Limited.

The Mercury Building was constructed circa 1930's and is easily recognised due to its use of striking art deco architecture. The property which is located on a key CBD intersection of Macquarie and Argyle Streets,
provides five levels of accommodation. The Mercury have been in occupation of this site since the 1880's.

Ingle Hall was constructed around 1814 as a residence and is Colonial Georgian era in architecture and now houses a newspaper museum and rented offices.

The buildings provide an approximate nett lettable area of 7,767m2 over five levels. It also benefits from vehicle access off Macquarie Street and Argyle Street to sealed parking for 46 vehicles and delivery areas, and some additional off street parking off Argyle Street behind Ingle Hall.

Offered for sale on a vacant possession basis from September 2012, the building provides considerable appeal for a range of potential uses; office, retail, tourism, residential, medical, car parking or a mixture of all. The combination of prime location, distinctive history and large site area ensure this is a wonderful opportunity for the investor, developer or owner occupier.

-Huge development opportunity within core CBD Hobart, available September 2012.

-First time offered in 130 years, extensive street frontages.

-3,800m2 approx land area, 10,500m2 approx building area including on site parking.

-Dual access from major arterial roads. Close to Salamanca and
waterfront entertainment areas.

-Surrounded by parks, public transport and major retail. Opposite Tasmanian Museum and Art Gallery undergoing major expansion and the new Parliamentary Precinct.

-Includes separate heritage listed "Ingle Hall", currently utilised as a print museum and offices.