• Address: 178 Davey Street (corner of Antill Street), South Hobart, about 1 km from the CBD
• Building: two-storey, built around 1920, about 1,345 sqm of floor area
• Site: about 2,822 sqm across four titles, with driveways to both streets
• Facilities: public bar, function room, commercial kitchen, drive-through bottle shop, 15 accommodation rooms including a manager's residence
• Gaming: 30 machines in a recently refurbished gaming room
• Zoning: Urban Mixed Use
• Offered: with vacant possession (apart from a rooftop signage lease)
• Campaign: expressions of interest close at 4pm on 22 October, through Elders Commercial

The selling agent is pitching the Globe as a site with three possible futures. A buyer could keep trading it as a pub, lease it to an operator, or redevelop the land, subject to council approval. Its Urban Mixed Use zoning, corner position, two street frontages and roughly 30,000 vehicles passing each day all support that flexibility.

Large, multi-title corner sites close to the Hobart CBD are hard to come by. That scarcity means a buyer could pay as much for the land's long-term potential as for the pub's current trade.

On Hobart's Eastern Shore, the Midway Point Tavern at 2–6 Penna Road sold as an investment for about $5.13 million at a 5.85 per cent yield, through Elders Commercial's George Burbury and James Black. The key details:

• a 5,157 sqm site with 70 car parks
• a 920 sqm hotel with bar and bistro, plus a 25-machine gaming lounge, TAB and TasKeno
• a Thirsty Camel-branded drive-through bottle shop and a manager's residence
• a new five-year lease at $300,000 a year plus GST, with CPI increases and the tenant paying outgoings, including land tax
• more than 150,000 vehicles passing each week, according to the agents

The tavern sits between the Midway Point and Sorell causeways, about 6 km from Hobart Airport. That corridor is growing fast. The state government has expanded Hobart's urban growth boundary to take in the Sorell East growth area, which is master-planned for thousands of homes, and several large subdivisions are under way nearby.

Hobart's hospitality scene has had a rocky year. In July, Pub Banc Group went into voluntary administration, closing seven Hobart venues while administrators ran a sale process. The former Post Street Social and Observatory site on Franklin Wharf has since sold to an interstate investor.

The contrast is telling. Venues with secure leases, strong trade and good locations are attracting buyers. Operators carrying too much debt or too many marginal venues are being forced to sell. As in other markets, buyers are rewarding quality and security.

• Long leases with CPI increases provide steady, inflation-linked income.
• Tenants paying outgoings keep the landlord's costs predictable.
• Several income streams (bar, bistro, gaming and bottle shop) make tenants more resilient.
• Land in growth corridors supports long-term value.

• Zoning drives buyer interest. Mixed-use zoning widens the pool of buyers beyond pub operators.
• Leases create investment stock. A fresh lease to a strong operator can turn a pub into a sought-after investment.
• Growth corridors lift value. Population growth around Sorell supports trade and land value.
• Show every option. For sites like the Globe, concept plans and visuals of possible redevelopment help buyers price the upside.

Watch the result of the Globe Hotel campaign after 22 October, and whether the buyer is an operator, an investor or a developer. Watch too the outcome of the Pub Banc sale process, and whether more Hobart pubs come to market as owners take advantage of investor demand.

• Pulse Tasmania – South Hobart's Globe Hotel hits the market
• Real Estate Source – Outer Hobart pub changes hands for $5m
• ABC News – Seven Hobart bars to close as owner goes into voluntary administration
• The Hotel Conversation – Tasmanian waterfront hospitality sold