Back 420/156 Bathurst Street
Off Market

420/156 Bathurst Street

Hobart TAS 7000

1
1
30 m²
House
Colin MillerColin Miller, last sold this property on 30 March 2026 after -10 days on market.

Overview

Looking for an easy investment with a long-term lease and strong returns? This 1 bedroom unit in Best Western Hobart offers just that. Income is approximately 6% gross yield (5% net) and a lease secured until June 2035, with an option to extend to June 2045. Returns are calculated based on the hotel's total accommodation and car parking revenue rather than this unit's individual occupancy rate, ensuring a more stable income stream. Best Western Hobart features modern conveniences such as conference/function rooms, a bar and restaurant, making it a sought-after destination for visitors. Best Western is situated within easy access to Central Hobart, Salamanca Markets and the Waterfront. Owners are responsible for council and water rates and a Strata Levy contribution, currently estimated at approximately $1,889 per unit per year. Photos have been provided by Best Western Hotel and may not depict the specific unit 420 but offer a close example These units are tightly held, so secure your investment today.

Features

1 bedroom
1 bathroom
30 m² lot size
House

Estimated Value

We need at least 3 similar 1 bedroom houses sold in Hobart over the last 12 months.

Property history for 420/156 Bathurst Street

2026
Sold
Undisclosed
30 Mar 2026 by Colin Miller, of Harcourts Hobart

Happy sellers in Hobart

69%
69% of sellers in Hobart reported that their sale price either exceeded or met their price expectations.

Hobart stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Hobart over the last 12 months.

Local market activity for 1 bedroom houses in Hobart

In the last 12 months, 2 one-bedroom houses similar to 420/156 Bathurst Street, have been sold.

This represents a 200% decrease in one-bedroom houses sales when compared to the previous 12 months.

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