525/156 Bathurst StreetHobart TAS 7000
Property Details for 525/156 Bathurst St, Hobart
525/156 Bathurst St, Hobart is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 56m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (May 2026)
Unique investment property located in the Best Western on the edge of the Hobart CBD. This executive suite on the 5th floor offers 2 spacious rooms one set up with a King bed with a newly renovated bathroom and the other setup as a lounge room. Both rooms have city facing decks looking out over the city skyline towards the Derwent River.
There is currently an active management agreement in place with the Best Western Hotel group, ensuring that bookings, outgoings, cleaning and maintenance are all attended to. The current lease expires in 2033 with an option for a further 10 years providing security to the unit owner. The average net return to the owner currently stands at approximately $900 per month. Best Western pay for all outgoings including rates, strata fees, land tax and maintenance on behalf of the owners. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund.
The Best Western complex has modern interiors as well as a gym, restaurant, bar and multiple function rooms. The owner is entitled to a 4 nights stay every year. Being just a 5 minute walk to the heart of the city and a 10 minute stroll from Salamanca Place this property makes for an awesome location to explore Tasmania's Capital City and beyond. Contact agent to arrange for an inspection.
*The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
Property History for 525/156 Bathurst St, Hobart, TAS 7000
- 19 May 2026Listed for Sale $200,000
- 05 Nov 2025Listed for Sale $200,000
- 23 Oct 2023Sold for $195,000
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 3,090 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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