OFF MARKET

429/156 Bathurst Street
Hobart TAS 7000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 30m2
Land area: 30m2
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Last updated 18 Nov 2024
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Property Details for 429/156 Bathurst St, Hobart

429/156 Bathurst St, Hobart is a 1 bedroom, 1 bathroom Unit and was built in 1976. The property has a land size of 30m2 and floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
Unit
Year Built
1976
Floor Size
30m2
Land Size
30m2
Local Government
Hobart
Lot/Plan
429/146357

Last Listing description (October 2017)

Rush to buy a slice of the Hobart investment property market with a perfect stress-free income option. Seldom on offer, this is an opportunity to secure a freehold hotel investment managed by the Best Western Hotel chain.
This one bedroom studio sits on the edge of the CBD and is only a short stroll to the trendy Salamanca Place shops, cafes, restaurants and the Hobart Waterfront. The hotel features a gym, conference and function rooms, lounge bar and a restaurant on site.
With a secure lease in place until 2023 and a high return of approximately 7% net yield is appealing to all investors. Further advantages include the option to stay at the hotel free of charge for four nights per year along with inclusion in the Best Western Reward Program offering discounted family benefits through the Best Western Hotel Chain.

This is a very attractive addition to any investment portfolio or self funded retirement plan.

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Property History for 429/156 Bathurst St, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$220,000
18 Aug 2017
  • 18 Aug 2017
    Sold for $220,000
  • 16 Aug 2017
    Listed for Sale $195,000 plus range
  • 17 Jul 2006
    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 3,030 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.
There are currently 15 properties listed for sale, and 30 properties listed for rent in Hobart on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Hobart.

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