25 Davey StreetHobart TAS 7000
Property Details for 25 Davey St, Hobart
Last Listing description (November 2023)
The property comprises a mixed commercial /medical investment on 3 stratum titles.
25 Davey Street will appeal to investors looking for a stable income stream, which is derived from a fully leased first-floor Medical Centre that was developed some 8 years ago.
Upside, there is obvious opportunity to strengthen the income further by leasing a small vacant ground floor and basement commercial space.
Medical Centre is subject to a CPI rent review, due in February 2024.
Property History for 25 Davey St, Hobart, TAS 7000
- 01 Nov 2023Listed for Sale For sale by Expressions of Interest
- 30 Mar 2023Listed for Sale For sale by Expressions of Interest
- 06 Feb 2023Listed for Sale $6,200,000 per annum
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0About Hobart 7000
The size of Hobart is approximately 2.1 square kilometres. There are 10 parks, covering nearly 4.8% of the 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 3,101 properties. Over the last 5 years, Houses in Hobart have seen a -3.04% decrease in median value, while Units have seen a -0.14% decrease. As at 31 July 2026:
- The median value for Houses in Hobart is $1,055,615 while the median value for Units is $795,401.
- Houses have a median rent of $690 while Units have a median rent of $650.
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