3/111 Hill StreetWest Hobart TAS 7000
Property Details for 3/111 Hill St, West Hobart
Last Listing description (September 2021)
Striking corner position on arguably the main thoroughfare through the ever popular inner city suburb of West Hobart. Opposite Smolt Kitchen and close to Hill Street Grocer.
Comprises a ground floor strata title suite occupied as a pharmacy for over 40 years. Includes 1 car park on the strata title.
Impressive fit-out and presentation.
Access enhanced by the pedestrian crossing immediately opposite and angled public parking along Pine Street frontage.
Currently operates as "West Hobart Pharmacy" under the Amcal+ banner with approx. 8.5 years remaining on the existing lease term plus options. Rental $51,250 per annum plus outgoings.
A no fuss, set and forget investment providing an ideal entry to commercial property investment or a seamless addition to an existing portfolio.
For Sale By Expressions of Interest closing Tuesday, 17th August 2021 at 3.00PM
Property History for 3/111 Hill St, West Hobart, TAS 7000
- 30 Apr 2024Sold for $891,000
- 23 Aug 2021Sold for $975,000
- 21 Jul 2021Listed for Sale Expressions of Interest
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0About West Hobart 7000
The size of West Hobart is approximately 3.9 square kilometres. It has 8 parks covering nearly 35.4% of total area. The population of West Hobart in 2011 was 5,800 people. By 2016 the population was 5,978 showing a population growth of 3.1% in the area during that time. The predominant age group in West Hobart is 40-49 years. Households in West Hobart are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Hobart work in a professional occupation. In 2011, 61.5% of the homes in West Hobart were owner-occupied compared with 62.3% in 2016.
West Hobart has 2,945 properties. Over the last 5 years, Houses in West Hobart have seen a 26.39% increase in median value, while Units have seen a 19.05% increase. As at 31 October 2024:
- The median value for Houses in West Hobart is $917,514 while the median value for Units is $630,346.
- Houses have a median rent of $593 while Units have a median rent of $470.
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