No.22 Salamanca Square, Battery Point. Picture: Supplied
The chance to own one of the small handful of buildings in Salamanca Square only comes along rarely.
It’s been three decades since this asset was available publicly.
No.22 has been brought to market via an expression of interest campaign managed by Edwards Windsor director Tim Johnstone.
“In terms of the vendor, the property has been held for a considerable period, which further reflects the tightly held nature of assets in this location,” Mr Johnstone said.
“The decision to bring it to market is part of a broader strategic review of their portfolio.”
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Private, pristine and without peer
No.22 Salamanca Square, Battery Point.
Configured across two tenancies, the ground floor is home to the Hobart Bookshop — a popular and long-established local institution — while the upper level is occupied by Harrison Agents, which also uses a section of ground floor storage and a mezzanine meeting space.
Both tenants are long-term occupants who have recently renewed their leases, delivering a combined net income of $131,379 per annum plus GST after statutory outgoings.
The building’s original sandstone walls and heritage detailing sit comfortably alongside the building’s thoughtful modernisation, resulting in premises that are as functional as they are characterful.
No.22 Salamanca Square, Battery Point.
Positioned within the heart of the Salamanca waterfront precinct, the property has immediate proximity to the city’s celebrated cafes, galleries, hotels and restaurants, with the Mona Ferry terminal at Brooke Street Pier and the historic village of Battery Point within easy walking distance.
“Battery Point and the Salamanca precinct are consistently regarded as some of Hobart’s most tightly held and highly sought-after commercial locations,” Mr Johnstone said.
“Despite periodic sales activity, the long-term trend reflects very strong demand, limited supply, and enduring investor interest given the area’s heritage character and proximity to the CBD and waterfront.
“The property at No.22 Salamanca Square is well positioned within this precinct and benefits from established tenancy.
“Hobart Bookshop and Harrison Agents are both recognised local businesses, and the presence of secure, quality tenants with stable lease arrangements is certainly appealing from an investment perspective.”
No.22 Salamanca Square, Battery Point.
Two separately titled car parks are also available for acquisition in addition to the main property — a notable inclusion given the premium placed on parking within the precinct.
No.22 Salamanca Square, Battery Point is offered for sale by EOI, closing on July 1 at 3pm.
No.22 Salamanca Square, Battery Point.
Meanwhile, neighbouring asset No.24 Salamanca Square — home to Botanica and Banjos — hit the market about a week ago.
Sales in Battery Point so far this year include a No.2 Montpelier Retreat, Waterman’s Hotel in Salamanca Pl, and the Machine Cafe property. No.20-22 Francis St and No.5 Battery Square sold in February. Realcommercial.com.au shows six sales in 2025.