50 Regent St, Sandy Bay, Tas 7005

Expressions of Interest close 24 April at 4pm

Block Of Units
Type
29
Bedrooms
16
Bathrooms
16
Parkings
1,841 m²
Area

Last updated on Saturday, March 28, 2026 ( See property details for 50 Regent St, Sandy Bay, Tas 7005)

Expressions of Interest close 24 April at 4pm

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A substantial, fully leased residential complex in Sandy Bay offering excellent income, redevelopment potential, and prime location close to Hobart CBD and the University of Tasmania.

🏡 Property Highlights

  • Prime location in Sandy Bay, close to Hobart CBD and University of Tasmania
  • Substantial 1,841sqm allotment within Inner Residential zoning
  • Fully leased complex with strong rental income of $401,180 annually
  • Versatile configuration with 16 units, including two, one, three-bedroom apartments, and a bedsit
  • Potential to strata title the apartments (STCA) for added value
  • Established rental history with recently refurbished units

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • Home Office / Study
  • Low-Maintenance Yard
  • Garage / Secure Parking
  • Internal Laundry
  • Fly Screens

Sandy Bay is one of Hobart's most prestigious suburbs, renowned for its scenic waterfront views, vibrant community, and proximity to the city centre. It offers excellent amenities, reputable schools, and a strong rental market, making it highly desirable for both residents and investors. The area boasts a mix of historic and modern properties, with easy access to public transport and recreational facilities, ensuring a high quality of life and long-term growth potential.

What is the current condition of the property and its units?
The property is well-maintained, with several units recently refurbished, ensuring strong rental appeal and minimal immediate maintenance requirements.
What are the zoning and development restrictions for this property?
The property is within Inner Residential zoning, with potential to strata title the apartments subject to STCA (Subject To Council Approval).
Are there any existing easements or planning restrictions?
All relevant easements and planning restrictions should be verified through due diligence with local council and planning authorities.
What are the potential costs involved in strata titling or redevelopment?
Costs associated with strata titling or redevelopment will depend on council approval processes and any required upgrades; a detailed cost analysis is recommended.
Is there any history of flooding or bushfire risk in the area?
Sandy Bay is generally considered low risk for flooding and bushfires, but prospective buyers should review local hazard maps for confirmation.
Are there any hidden costs or upcoming maintenance expenses not disclosed? Has the property been inspected for structural issues or pest infestations? Are there any existing planning or zoning restrictions that could limit redevelopment? What are the strata or body corporate fees and responsibilities if applicable? Are there any ongoing or planned nearby developments that could impact the property’s value or enjoyment? Is there any history of flooding, drainage issues, or environmental hazards on the site? What are the specific terms of the current lease agreements and tenant obligations? Are there any easements or rights of way that could affect future use or development? What are the council requirements and approval processes for strata titling or redevelopment? Are there any restrictions or covenants on the property that prospective buyers should be aware of?

50 Regent St, Sandy Bay, Tas 7005 - More Details

Expressions of Interest close 24 April at 4pm

Type
Block Of Units
Bedrooms
29
Bathrooms
16
Parkings
16
Area
1,841 m²
House Size
1,037 m²

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