523/156 Bathurst StreetHobart TAS 7000
Property Details for 523/156 Bathurst St, Hobart
523/156 Bathurst St, Hobart is a 1 bedroom, 1 bathroom Unit and was built in 1976. The property has a land size of 55m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in October 2018.
Last Listing description (December 2018)
Looking for somewhere to park your money with a clean 6% return (approximately), no outgoings and no maintenance costs? If your answer is yes then look no further than suite 523 in the Best Western Hobart.
Currently leased back to Best Western for around $13,000 per annum until October 2023 net of any GST, and regardless of this specific unit's individual occupancy rate. Best Western pay for all rates, maintenance and renovations. 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.
This particular suite is one of the larger in the range, on the top floor, north west facing, and has two balconies - it has to be one of the nicest in the complex.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Be quick to avoid disappointment, as unit 227 sold in less than a week on market some months ago, and I anticipate this one will follow suit.
Please note, photos provided by Best Western Hotel images shown may not be of the specific unit 523 but do provide a close example.
? Top floor, north/west facing corner unit with two balconies
? Rent approximately $13,000 regardless of individual occupancy rate
? 5%+ yield in the heart of Hobart
? outgoings and maintenance costs absorbed by Best Western
? 54.6m2 approximate unit size (one of the larger suits)
? Built 1976
Property History for 523/156 Bathurst St, Hobart, TAS 7000
- 23 Oct 2018Sold for $235,000
- 16 Oct 2018Listed for Sale Offers Over $230,000
- 04 Sep 2014Sold for $145,000
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 3,098 properties. Over the last 5 years, Houses in Hobart have seen a 1.50% increase in median value, while Units have seen a 2.03% increase. As at 31 May 2026:
- The median value for Houses in Hobart is $1,033,977 while the median value for Units is $740,493.
- Houses have a median rent of $690 while Units have a median rent of $650.
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