Hobart's Cascade Theatre Royal Hotel sells to Tasmania Uni

Hobart's Cascade Theatre Royal Hotel sells to Tasmania Uni
Hobart's Cascade Theatre Royal Hotel sells to Tasmania Uni

Hobart's Theatre Royal Hotel, one of the oldest pubs in Australia, has been bought by the University of Tasmania for $1.7 million.

The university snapped up the two-storey hotel, built in 1834 by Peter Degraves, founder of Cascade Brewery last week at Knight Frank auction.

The pub is next to the Theatre Royal and on the other side, the university has a $90 million arts hub.

In central Hobart is a 400-bed student accommodation facility on Melville Street, part of the development strategy by vice-chancellor Professor Peter Rathjen to immerse the university into the daily life of the city.

"In the great university cities of the world, the campus is right in the heart of city, providing life, energy and character," Professor Rathjen told AFR Weekend.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Hobart Theatre

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