430/156 Bathurst StreetHobart TAS 7000
Property Details for 430/156 Bathurst St, Hobart
430/156 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 30m2 and floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (January 2020)
Be quick to avoid disappointment - unit 323 already SOLD!
Looking for somewhere to park your money with a clean 6% NET return (approximately), no outgoings and no maintenance costs? If your answer is yes then look no further than units 323 and 430 in the Best Western Hobart. Buy one or buy them both!
These units are currently leased back to Best Western for around $13,000 per annum each until October 2033 net of any GST, and regardless of these specific unit's individual occupancy rates.
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.
Unit 323 is one of the larger in the range at approximately 54.6m2, north west facing, and has two balconies. Unit 430 is approximately 30.3m2 has one balcony and has a south easterly aspect looking over Hobart CBD.
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.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific units 323 and 430 but do provide a close example.
Rent approximately $13,000 per unit regardless of individual occupancy rate
6% (approx.) yield in the heart of Hobart with long stable lease
outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
Built 1976
Property History for 430/156 Bathurst St, Hobart, TAS 7000
- 27 Dec 2019Sold for $228,500
- 14 Nov 2019Listed for Sale Offers over $220,000 each
- 18 Mar 2015Sold for $145,000
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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 3,036 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.
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