{"Slug":"block-of-units-st-david-residences-sandy-bay-road-hobart-tas-7000","CanonicalUrl":"https://realsearch.com.au/block-of-units-st-david-residences-sandy-bay-road-hobart-tas-7000","Address":"St David Residences/ Sandy Bay Road, Hobart, Tas 7000","Suburb":"Hobart","State":"TAS","Postcode":"7000","PropertyType":"Block Of Units","Status":"For Sale","Headline":null,"Description":"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:•\t18 north-facing fully leased 1-bedroom apartments delivering a net income of $479,759* per annum.•\tPrime location near Salamanca Place, the historic waterfront and Hobart's key commercial and retail precincts.•\tFully refurbished throughout with new kitchens, bathrooms and floor coverings. •\tDiversified income stream across 18 individual separate tenancies.•\tClose proximity to Macquarie Point Stadium precinct.•\tStrong rental growth outlook supported by limited housing supply and elevated construction costs. •\tValue-add potential through Strata subdivide and individual apartment resale^.•\tShort-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","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"Contact Agent"},"Bedrooms":"18","Bathrooms":"18","Parking":null,"Features":[{"Name":"Bedrooms","Value":"18"},{"Name":"Bathrooms","Value":"18"},{"Name":"Area","Value":"965 m²"},{"Name":"House Size","Value":"786 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-42.8860628,"Longitude":147.328703,"Agent":{"Name":"James Black","CanonicalUrl":"https://realsearch.com.au/agent/james-black"},"Agency":{"Name":"Elders Real Estate Hobart","CanonicalUrl":"https://realsearch.com.au/agency/elders-real-estate-hobart"},"CreatedAt":"2026-05-13T08:11:19.4487253","UpdatedAt":"2026-05-17T06:40:18.3779408"}