Gateway Development Opportunity | 10,186 sqm* | 8 Titles | Passing Income $359,817 p.a.
'The Northern Gateway' is a rare development site of over 10,000 square metres at the northern entry to Moonah, one of the largest consolidated landholdings to be offered in Hobart's northern corridor in recent years. Spanning eight titles across two parcels, the site commands a prominent Main Road frontage at the primary entry point to one of Hobart's fastest-growing suburban precincts. Development-friendly topography, dual commercial and industrial zoning and scope for large format retail, mixed use, hotel or residential outcomes (STCA) provide flexibility to deliver a landmark scheme at scale.
Positioned within the proposed Hobart light rail corridor and surrounded by established retail anchors including Autobarn, The Good Guys and Kmart, the site benefits from exceptional exposure, direct connectivity to the Hobart CBD approximately six kilometres to the south and a deep, diverse growing northern suburbs catchment. Passing income of approximately $359,817** per annum across eight tenancies, the majority on short-term arrangements – provides an attractive holding return from day one while giving a purchaser the flexibility to vacate progressively as development plans and approvals advance.
Key Highlights:
• 10,185* sqm across eight titles, a premium city-fringe development parcel
• Passing net income of $359,817** p.a. across eight tenancies
• Heritage sandstone building ‘Leura’ in excellent condition
• Natural ground slope supports suspended slab and basement parking^
• Dual zoning allows large format retail, mixed-use, hotel or residential outcomes^
• Six short-term leases allow staged vacancy for development
The Northern Gateway is for sale via Expressions of Interest, closing Thursday 4th June 2026 at 4pm (AEST).
For further information or to arrange an inspection please contact George Burbury or Scott Newton.
*Approximate / **before owner outgoings ^STCA
Remember to mention you found this property on DevelopmentReady
Close
