OFF MARKET

112/156 Bathurst Street
Hobart TAS 7000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 28m2
Land area: 28m2
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Last updated 11 Nov 2024
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Property Details for 112/156 Bathurst St, Hobart

112/156 Bathurst St, Hobart is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 28m2 and floor size of 28m2. While the property is not currently for sale or for rent, it was last sold in June 2007.

Building Type
Unit
Year Built
1976
Floor Size
28m2
Land Size
28m2
Local Government
Hobart
Lot/Plan
112/146357

Last Listing description (January 2021)

Looking for somewhere to park your money with a clean 6% return (approximately), no outgoings and no maintenance costs? If your answer is yes then look no further than suite 112 in the Best Western Hobart.

Currently leased back to Best Western for around $13,000 per annum until October 2023 net of any GST, and regardless of this specific unit's individual occupancy rate. Best Western pay for all outgoings including rates and maintenance. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.

Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.

Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.

Be quick to avoid disappointment, these units are tightly held, sell quickly, and I anticipate this one will follow suit.

Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 112 but do provide a close example.

Rent approximately $13,000 regardless of individual occupancy rate
6% yield in the heart of Hobart with long stable lease
outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
Built 1976

* Please note as this unit is tenanted (by the Best Western) there is no opportunity to occupy it as a residence

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Property History for 112/156 Bathurst St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$150,000
12 Jun 2007
  • 19 Mar 2020
    Listed for Sale Best offer over $220,000
  • 12 Jun 2007
    Sold for $150,000

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About Hobart 7000

The size of Hobart is approximately 2.1 square kilometres. It has 10 parks covering nearly 4.8% of total area. The population of Hobart in 2011 was 2,102 people. By 2016 the population was 2,298 showing a population growth of 9.3% in the area during that time. The predominant age group in Hobart is 20-29 years. Households in Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hobart work in a professional occupation. In 2011, 31.3% of the homes in Hobart were owner-occupied compared with 26.4% in 2016.

Hobart has 3,028 properties. Over the last 5 years, Houses in Hobart have seen a 27.83% increase in median value, while Units have seen a 34.77% increase. As at 31 October 2024:

  • The median value for Houses in Hobart is $1,051,039 while the median value for Units is $818,558.
  • Houses have a median rent of $560 while Units have a median rent of $575.
There are currently 15 properties listed for sale, and 29 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Hobart.

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