OFF MARKET

509/1 Sandy Bay Road
Hobart TAS 7000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 68m2
Land area: 68m2
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Property Details for 509/1 Sandy Bay Rd, Hobart

509/1 Sandy Bay Rd, Hobart is a 1 bedroom, 1 bathroom Unit and was built in 1928. The property has a land size of 68m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
Unit
Year Built
1928
Floor Size
68m2
Land Size
68m2
Local Government
Hobart
Lot/Plan
509/151831

Last Listing description (March 2020)

High net yield returns with increased performances over previous years enables the astute investor to secure a zero-maintenance property branded under one of Australia's most recognized and respected hotel chains.

The Tasmanian tourism and business sector experiencing its most prolific period in history and with hotel vacancy rates at record lows, the sustainability with projected future bookings and income provides great security for this fantastic high net yield and minimal outgoings opportunity.

In an idyllic location set on the CBD fringe and minute's walk via St David's Park through to the newly developed Parliament Square precinct and bustling historic Salamanca Place, the property is central to all requirements for guests.

An historic faade, fully furnished interiors with some original features and recent modern upgrades sets this opportunity apart from other comparable properties on the market.

With investment opportunities commanding current high yield returns becoming more scarce within the current marketplace off the back of strong capital growth spikes, this is the chance to secure a long term and secure investment which can provide strong cash flow moving forward.

A fair management contract outlining the agreement between vendor and hotel plus all financials is available upon request.

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Property History for 509/1 Sandy Bay Rd, Hobart, TAS 7000

A timeline of how this property has performed in the market
Last Sold
$375,000
05 Feb 2020
  • 05 Feb 2020
    Sold for $375,000
  • 30 Sep 2019
    Listed for Sale Offers over $375,000
  • 22 Jun 2007
    Sold for $270,000

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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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