3/124 Davey StreetHobart TAS 7000
Property Details for 3/124 Davey St, Hobart
Last Listing description (October 2023)
Burgess Rawson in conjunction with Knight Frank are pleased to offer to the market the BWS in Hobart TAS for sale via our Investment Auction Portfolio 162.
The property has the following investment highlights:
+ Secure Ten (10) year lease to 2031 plus options to 2051.
+Endeavour Group (ASX: EDV): Australia?s largest hotelier and liquor retailer, with 339 ALH hotels, 1,761 Dan Murphy?s/BWS stores and a market cap of $10.8 billion.
+Tenant has been trading on-site for over 26+ years and is one of Tasmania's leading BWS stores.
+High exposure 934sqm* drive-thru site on main arterial road with waiting bays and covered awning.
+ Strategic home-bound location with 31,272 vehicles passing daily on Davey Street and within close proximity of the Hobart CBD, Sandy Bay and Battery Point. **
+ Hobart: Tasmania?s administrative capital with a population of 250,000 and 18.8% median house price growth in the last 12 months***
+Tasmania: Ranked #1 and leading the nation with Australia?s strongest economy. ****
+A minimal management, essential service investment.
+Net Income $393,298pa + GST (as at August 2023)
To be sold by Investment Portfolio Auction:
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne VIC
* Approx
** GapMaps
*** ***
**** Commsec State of States Report
Property History for 3/124 Davey St, Hobart, TAS 7000
- 02 Aug 2023Sold for $6,501,000
- 06 Jul 2023Listed for Sale Price on Request
- 23 Dec 2011Sold for $6,450,000
Recent sales nearby
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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 3,094 properties. Over the last 5 years, Houses in Hobart have seen a -0.28% decrease in median value, while Units have seen a -2.34% decrease. As at 30 June 2026:
- The median value for Houses in Hobart is $1,042,791 while the median value for Units is $768,476.
- Houses have a median rent of $690 while Units have a median rent of $650.
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