Perfectly positioned in the bustling heart of New Town, this unique multi - purpose property presents an exceptional opportunity for both investors and owner-occupiers. Offering a spacious 142 sqm commercial space on the lower level—currently home to the well-established Quilt and Pillow Factory—and a three-bedroom, two-bathroom apartment upstairs, this is a rare chance to secure a foothold in one of Hobart’s most sought-after suburbs.

Set in an established shopping precinct, this high-exposure location enjoys constant foot traffic and strong local patronage. Surrounded by thriving cafés, boutique stores, supermarkets, and specialty retailers, the commercial component is ideal for a range of uses, from retail to office or creative space.

Upstairs, the generous apartment is a private haven above the buzz of the street. Featuring a sunny kitchen, two spacious living areas, with picturesque views of Mount Wellington from the rear lounge, it offers comfort, style, and flexibility for families or professionals.

Enjoy the convenience of walking distance to excellent schools, parks, public transport, and just minutes to Hobart’s CBD. Whether you’re commuting, running a business, or seeking a strong rental return, this central location places everything you need right at your doorstep.
There is also the opportunity to secure next door (61 – 65 New Town Road), which is home to 3 apartments, plenty of extra storage space, or the prospective chance to expand or develop the building.

With its blend of historic charm and modern convenience, New Town continues to grow as one of Hobart’s premier lifestyle destinations—making this property a smart and strategic acquisition.

Property features
• Prime dual-use property offering versatile commercial and residential spaces in the heart of New Town
• High-exposure location set in a bustling retail precinct with constant foot traffic
• 142 sqm commercial space currently tenanted by the well-established Quilt and Pillow Factory, ideal for retail, office, or creative use
• Spacious upstairs apartment with three bedrooms and two bathrooms
• Two living areas including a rear lounge with picturesque views of Mount Wellington
• Light-filled and functional kitchen perfect for everyday living
• Walking distance to cafés, specialty stores, supermarkets, schools, parks, and public transport
• Only minutes from Hobart’s CBD for ultimate convenience
• Opportunity to purchase the adjoining property at 61–65 New Town Road for future expansion or development
• Excellent investment potential for owner-occupiers or those seeking dual-income opportunities
• Located in New Town, one of Hobart’s most desirable and fast-growing suburbs

Council rates: $4,800 pa approx
Water rates: $3,106 pa approx
Rental estimate for apartment: $600 - $620 pw approx
Year built: 1965
Construction: Masonry brick veneer