302/156 Bathurst StreetHobart TAS 7000
Property Details for 302/156 Bathurst St, Hobart
Last Listing description (August 2021)
Looking for somewhere to park your money with a clean NET return, no outgoings and no maintenance costs? If your answer is yes then look no further than suite 302 in the Best Western Hobart.
Currently leased back to Best Western until October 2033 (with an option to extend to 2043) net of any GST, and regardless of this specific unit's individual occupancy rate. Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. 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.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 302 but do provide a close example.
Rent based on Hotel accommodtion revenues, historically $12,500 (average) regardless of individual room occupancy rate
6% NET 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
Property History for 302/156 Bathurst St, Hobart, TAS 7000
- 08 Jul 2021Sold for $210,000
- 14 May 2021Listed for Sale $210,000
- 30 May 2019Sold for $228,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/b5bzx4afyai6vfyavhei3fw6ga?signature=05ca868046d200ddee3cdb60b847a15cfdd0a84d6840c3e0a8573f48bf1070a7){kind=logo}
0
/assets/perm/h3mmrov6b4i6njbjh6wq6oiabm?signature=daab9394835027a0140b0f8a41a1ddad34c0c5bb9eccd756b040a5bab6e0f0be){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 3,030 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.
Suburb Insights for Hobart 7000
Market Insights
Hobart Trends for Houses
N/A
N/A
View TrendN/A
N/A
Hobart Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
