302/156 Bathurst StreetHobart TAS 7000
Property Details for 302/156 Bathurst St, Hobart
Last Listing description (August 2021)
Looking for somewhere to park your money with a clean NET return, no outgoings and no maintenance costs? If your answer is yes then look no further than suite 302 in the Best Western Hobart.
Currently leased back to Best Western until October 2033 (with an option to extend to 2043) net of any GST, and 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.
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 302 but do provide a close example.
Rent based on Hotel accommodtion revenues, historically $12,500 (average) regardless of individual room occupancy rate
6% NET yield in the heart of Hobart with long stable lease
outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
Built 1976
* Please note as this unit is tenanted (by the Best Western) there is no opportunity to occupy it as a residence
Property History for 302/156 Bathurst St, Hobart, TAS 7000
- 08 Jul 2021Sold for $210,000
- 14 May 2021Listed for Sale $210,000
- 30 May 2019Sold for $228,000
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 3,091 properties. Over the last 5 years, Houses in Hobart have seen a -1.20% decrease in median value, while Units have seen a 10.64% increase. As at 30 April 2026:
- The median value for Houses in Hobart is $1,020,757 while the median value for Units is $773,891.
- Houses have a median rent of $700 while Units have a median rent of $650.
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