Hobart’s iconic Telegraph Hotel is for sale for the first time in nearly 30 years, offering a blank canvas.
The Telegraph was built 1858 as the Electric Telegraph Hotel, before being renamed to its current moniker in 1877.
The two-storey Hotel occupies a corner of Morrison and Brooke Streets, just metres from Hobart’s popular waterfront, offering bar, kitchen, external licensed area, large basement and offices on the upper level, but no gaming.
Private vendors, brothers Stephen and Brendan Bourke, have owned the Hotel since 1992.
In recent years Pub Banc Group has held the leasehold, but the lease ended during COVID challenges last year and no trading figures are available.
The Bourkes are offering for sale the vacant freehold or an option for a long lease, and have engaged John Blacklow of Knight Frank to market the opportunity, who notes “plenty of upside” in the historic pub.
“The tenant only operated it as a night venue, and the whole of the first floor was used for offices only,” says Blacklow.
Price expectations for the asset are circa $7 million. An arrangement has not been specified on a lease.
The Telegraph Hotel Hobart is for sale by Expressions of Interest, closing Thursday 25 March.
