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215/156 Bathurst Street, Hobart, Tas 7000 For Sale

215/156 Bathurst Street, Hobart, Tas 7000

$169,000

Unit
Type
1
Bedrooms
1
Bathrooms
30 m²
Area

Published on Wednesday, August 26, 2026 ( See property details for 215/156 Bathurst Street, Hobart, Tas 7000)

$169,000

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

A modern, fully managed one-bedroom unit in Hobart's CBD with excellent investment security and amenities.

🏡 Property Highlights

  • Secure long-term lease with expiry in 2035 and option for an additional 10 years
  • Active management agreement with Best Western Hotel group ensuring hassle-free operation
  • High net return of approximately $1,000 per month
  • Prime location just 5 minutes walk to Hobart CBD and 10 minutes to Salamanca Place
  • Modern complex with amenities including gym, restaurant, bar, and function rooms
  • Spacious executive suite with balcony capturing afternoon sun

✨ Key Features

  • Balcony
  • Built-in Robes
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Internal Laundry
  • Pet-Friendly
  • Fully fenced
  • Water tank

Hobart's CBD offers vibrant city living with easy access to Salamanca Place, renowned for its markets, cafes, and cultural attractions. The area boasts excellent walkability, modern amenities, and a lively atmosphere, making it ideal for both residents and investors seeking a central lifestyle. Proximity to public transport and recreational facilities enhances its appeal, ensuring a dynamic and convenient urban experience.

What are the management arrangements for this property?
The property is under an active management agreement with the Best Western Hotel group, which handles bookings, cleaning, and maintenance, providing a hassle-free investment experience.
What amenities are available within the complex?
The complex features a gym, restaurant, bar, and multiple function rooms, offering a comfortable and convenient lifestyle.
Is there any owner’s entitlement for personal use?
Yes, owners are entitled to a 4-night stay every year, allowing for personal use within the management arrangement.
What is the current lease term and security?
The lease expires in 2035 with an option to extend for a further 10 years, providing long-term security for the owner.
What are the ongoing costs associated with the property?
Owners are responsible for land tax, council rates, and a strata levy contribution, estimated at approximately $1,943 annually.
Are there any additional management or service fees not included in the strata levy? Has the property been recently renovated or updated beyond the bathroom? Are there any upcoming developments or planning applications in the vicinity that could affect the property? Is the property compliant with all building and safety regulations? Are there any restrictions or conditions related to the owner’s personal use entitlement? What are the potential costs for repairs or maintenance not covered by the management agreement? Is the property located in a flood or bushfire-prone area? Are there any easements, covenants, or zoning restrictions affecting the property? What is the history of the property's occupancy and rental performance? Are there any planned changes to the amenities or services within the complex?

215/156 Bathurst Street, Hobart, Tas 7000 - More Details

$169,000

Unique investment property located in the Best Western on the edge of the Hobart CBD. This executive suite on the 2nd floor offers a spacious room set up with a King bed with a newly renovated bathroom, heat pump and balcony that captures the afternoon sun.

There is currently an active management agreement in place with the Best Western Hotel group, ensuring that bookings, cleaning and maintenance are all attended to. The current lease expires in 2035 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 $1000 per month. Owners are responsible for land tax, council rates, and a strata levy contribution, currently estimated at approximately $1,943 in total per unit per year. 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.

Type
Unit
Bedrooms
1
Bathrooms
1
Area
30 m²
House Size
30 m²

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