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525/156 Bathurst Street

Hobart TAS 7000

2
1
55 m²
Apartment
Currently for sale - view listing

Overview

UNIQUE HASSLE FREE INVESTMENT

Unique investment property located in the Best Western on the edge of the Hobart CBD. This executive suite on the 5th floor offers 2 spacious rooms one set up with a King bed with a newly renovated bathroom and the other setup as a lounge room. Both rooms have city facing decks looking out over the city skyline towards the Derwent River. There is currently an active management agreement in place with the Best Western Hotel group, ensuring that bookings, outgoings, cleaning and maintenance are all attended to. The current lease expires in 2033 with an option for a further 10 years providing security to the unit owner. The average net return to the owner currently stands at approximately $900 per month. Best Western pay for all outgoings including rates, strata fees, land tax and maintenance on behalf of the owners. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. The Best Western complex has modern interiors as well as a gym, restaurant, bar and multiple function rooms. The owner is entitled to a 4 nights stay every year. Being just a 5 minute walk to the heart of the city and a 10 minute stroll from Salamanca Place this property makes for an awesome location to explore Tasmania's Capital City and beyond. Contact agent to arrange for an inspection. *The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

Features

2 bedrooms
1 bathroom
55 m² floor area
Apartment

Property history for 525/156 Bathurst Street

2023
Sold
$195,000
Private Sale/Treaty on 26 Oct 2023 by Peter Clark, of Fall Real Estate - North 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 2 bedroom apartments in Hobart

In the last 12 months, 17 two-bedroom apartments similar to 525/156 Bathurst Street, have been sold.

This represents a 45% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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