St David Residences/ Sandy Bay Road, Hobart, Tas 7000

For Sale

St David Residences/ Sandy Bay Road, Hobart, Tas 7000-Image

St David Residences/ Sandy Bay Road, Hobart, Tas 7000

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Block Of Units

Type

Bedrooms

Bathrooms

965 m²

Area

Last updated on Sunday, May 17, 2026 ( See property details for St David Residences/ Sandy Bay Road, Hobart, Tas 7000)

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James Black - Real Estate Agent - Elders Real Estate Hobart

James Black Commercial Sales & Leasing

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AI Property Insight

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

A rare, fully refurbished, fully leased residential investment comprising 18 modern one-bedroom apartments in a prime Hobart location with significant future development potential.

🏡 Property Highlights

Fully leased 18 one-bedroom apartments with diversified income
Prime north-facing location near Salamanca Place and Hobart's waterfront
Recently refurbished with modern kitchens and bathrooms
Strong rental growth outlook supported by limited housing supply
Potential for value-add through strata subdivision and resale
Opportunity to leverage Tasmania's growing visitor economy with short-stay accommodation

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Garage / Secure Parking
Ceiling Fans

Suburb and Property Insights of Hobart, TAS 7000

Sandy Bay offers a vibrant lifestyle with close proximity to Hobart's CBD, Salamanca Place, and the historic waterfront. The area is renowned for its cultural attractions, lively dining scene, and scenic waterfront views. Its strategic location ensures strong rental demand and future growth potential, making it an ideal choice for investors and residents alike. The upcoming Macquarie Point Stadium further enhances the area's appeal for events and tourism. Sandy Bay combines urban convenience with coastal charm, attracting a diverse community and visitors year-round.

Frequently Asked Questions

What are the current rental yields and vacancy rates for this property?

The property currently delivers a net income of approximately $479,759 per annum with all 18 apartments fully leased, indicating a strong rental yield and low vacancy rate.

Are there any upcoming developments or planning restrictions in the area?

The property is near the recently approved Macquarie Point Stadium, which is set to enhance Hobart's events and tourism landscape. Future development plans should be confirmed with local council.

What are the potential costs involved in strata subdivision and resale?

Strata subdivision and individual resale are subject to council approval and associated costs, which should be assessed with a qualified strata or planning professional.

Is the property suitable for short-stay or holiday accommodation?

Yes, the property presents an opportunity for short-stay accommodation, benefiting from Tasmania's growing visitor economy, subject to relevant approvals.

What condition are the apartments in, and are there any ongoing maintenance requirements?

The apartments have been recently refurbished with new kitchens, bathrooms, and floor coverings, requiring minimal ongoing maintenance.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses not disclosed? Have all necessary planning and building approvals been obtained for the current use and any future subdivision plans? Are there any zoning restrictions or easements affecting the property? Is the property located in a flood or bushfire-prone area? Are there any strata or body corporate fees, and what do they cover? Are there any planned developments or construction projects nearby that could impact the property? What are the noise levels and neighbour relations in the area? Are there any existing or potential issues with the property's structure or services? Is the property compliant with all relevant safety and building standards? What are the long-term implications of the upcoming Macquarie Point Stadium development on the property?

St David Residences/ Sandy Bay Road, Hobart, Tas 7000 - More Details

Contact Agent

Elders Commercial and Harrison Agents are pleased to present 9 Sandy Bay Road, positioned at the gateway to Hobart's CBD. This presents a rare opportunity to acquire a fully tenanted residential investment of genuine scale and quality in one of Tasmania's most iconic locations. The property comprises 18 fully refurbished one-bedroom apartments across two buildings, each fitted with new kitchens, bathrooms, and floor coverings, delivering modern accommodation steps from the CBD, Salamanca Place and the historic waterfront precinct.

With the recently approved Macquarie Point Stadium set to transform Hobart's events and tourism landscape, and Tasmania continuing to attract record visitor numbers, demand for well-located accommodation is only strengthening. Underpinned by Hobart's constrained housing supply and rising construction costs, the asset delivers a stable, diversified income stream with compelling future repositioning opportunities.

Key Highlights:
• 18 north-facing fully leased 1-bedroom apartments delivering a net income of $479,759* per annum.
• Prime location near Salamanca Place, the historic waterfront and Hobart's key commercial and retail precincts.
• Fully refurbished throughout with new kitchens, bathrooms and floor coverings.
• Diversified income stream across 18 individual separate tenancies.
• Close proximity to Macquarie Point Stadium precinct.
• Strong rental growth outlook supported by limited housing supply and elevated construction costs.
• Value-add potential through Strata subdivide and individual apartment resale^.
• Short-stay accommodation opportunity benefiting from Tasmania's growing visitor economy^.

The property is for sale By Expressions of Interest closing Thursday 11th June 2026 at 4:00pm AEST.

For further information or to arrange an inspection, please contact the selling agents George Burbury 0408 333 523 or James Black 0498 314 340 of Elders Commercial or Tom Harrison 0405 195 431 of Harrison Agents.

*Approximate
^STCA

Type: Block Of Units
Bedrooms: 18
Bathrooms: 18
Area: 965 m²
House Size: 786 m²

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St David Residences/ Sandy Bay Road, Hobart, Tas 7000

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