An icon of architecture sells in Hobart
In continuation from last month’s newsletter, Devine Property are proud to announce the sale of a jewel in Hobart architecture that is 191-193 Liverpool street, which signifies another demonstration of market strength in the region.
Collecting the coveted award for ‘Enduring Architecture’ during the 2021 Tasmanian Architecture Awards, The Wilson Robson building exemplifies ‘Blesser Block’, which was an emerging theme in an architect's vocabulary during the 1960’s, featuring largely around concrete blockwork expression.
As a result, emerging architect Brian Walch, as part of the Hartley Wilson Oldmeadow Eastman Walch firm, pioneered the use of face blockwork as a primary material in residential work, with The Wilson Robson building, located at 191-193 Liverpool street, being Brian’s first commercial project in 1973.
A stalwart in Hobart ever since, the building recently hit the market and was met with a sizable 16 enquiries from both local and interstate buyers. Eventually, the building was sold to a local investor, who saw the utility of the building in A Grade office space accommodation.
The sale represents the continued strength of the commercial property market in Hobart, with Devine Property’s sales agent George Wilkinson observing the optimism of the surrounding region.
“The current commercial property market in Hobart continues to show favourable activity,” notes Wilkinson.
“We’re observing good levels of properties transacting, with notable demand coming from both local and interstate investors, indicating that Hobart has been one of the best performing economies for consecutive months.”
“Additionally, the team are thrilled to see the purchase of a marquee in the region, with 191-193 Liverpool street transacting after a strong level of interest. This again demonstrates the commercial property value in Hobart, as signs into the future continue to show promise.”
Although the economy continues its fluctuations as inflation and cost of living are key topics, the sale of an icon in Hobart real estate shows an immense amount of positivity, with the award winner set to remain a cornerstone of the city. Plans are now underway to continue the legacy that began in the early 70’s spearheaded by Walch.