104/156 Bathurst StreetHobart TAS 7000
Property Details for 104/156 Bathurst St, Hobart
104/156 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 28m2 and floor size of 28m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (April 2022)
Looking for somewhere to park your money with a clean 5% or 6% NET return (approx.), no outgoings and no maintenance costs? If your answer is yes then look no further than unit 104 in the Best Western Hobart.
The unit is leased back to Best Western until October 2033 (with an option to extend to 2043) and unit returns are calculated on the Hotel's whole accommodation and car parking revenues regardless of this specific unit's individual occupancy rate.
Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. 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.
Currently the Hotel is enjoying full occupancy until end of March 2022 with the local government, returning roughly $870 per month NET to unit owners. Historically, pre-pandemic unit owners were receiving $1,120 per month on average net of all outgoings - and now the national and international doors are open once more.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 104 but do provide a close example.
* Rent based on Hotel accommodation revenues, historically around $13,440 (average) regardless of individual room occupancy rate
* 5% or 6% NET yield (approx.) in the heart of Hobart with long stable lease and potential for yield and capital growth over time
* outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
* Built 1976
Property History for 104/156 Bathurst St, Hobart, TAS 7000
- 03 Mar 2022Listed for Sale Best offer over $210,000
- 03 Mar 2022Sold for $220,000
- 03 Aug 2007Sold for $150,000
Recent sales nearby
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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 2016 was 2296 people. By 2021 the population was 3390 showing a population growth of 47.6% 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 2021, 27.40% of the homes in Hobart were owner-occupied compared with 26.40% in 2016.
Hobart has 3,066 properties. Over the last 5 years, Houses in Hobart have seen a 10.69% increase in median value, while Units have seen a 8.33% increase. As at 30 November 2025:
- The median value for Houses in Hobart is $990,740 while the median value for Units is $806,999.
- Houses have a median rent of $620 while Units have a median rent of $630.
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