Police are investigating an alleged aggravated burglary and armed robbery at Hobart's Glenorchy this morning.
Three male offenders wearing balaclavas forced entry to an address on Tolosa Street at around 5:50am, threatening occupants using tools as weapons.
One man was assaulted and received several minor grazes to his face.
A quantity of money was stolen before the bandits fled the scene in an unknown vehicle.
Police believe it was a targeted incident and the two parties are known to each other.
The offenders are described as:
• Offender 1 – Male, 6 foot tall, large build, wearing a black balaclava, black pants, black hoodie and spoke with a deep voice.
• Offender 2 – Male, 6 foot tall, wearing a black balaclava, grey track pants and a black hoodie.
• Offender 3 – Male, about 5’6” tall, wearing a black balaclava and black clothing.
Anyone with information is urged to contact authorities.