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Apartment
SOLD on Sep 2021
$210,000
129/156 Bathurst Street, Hobart, TAS, 7000, Australia
1
1
28 m²
28 m²
About this Property
Looking for somewhere to park your money with a clean 5% NET return (approx.), no outgoings and no maintenance costs? If your answer is yes then look no further than unit 129 in the Best Western Hobart.
Currently leased back to Best Western until October 2033 (with an option to extend to 2043) net of any GST, and regardless of this specific unit's individual occupancy rate.
Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
Currently enjoying full occupancy until at least March 2022 with the local government, returning roughly $870 per month NET to unit owners. Historically, pre-pandemic unit owners were receiving $1,040 per month on average.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 129 but do provide a close example.
▪ Rent based on Hotel accommodtion revenues, historically $12,500 (average) regardless of individual room occupancy rate
▪ 5% NET yield (approx.) in the heart of Hobart with long stable lease and potential for yield growth over time
▪ outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
▪ Built 1976
Currently leased back to Best Western until October 2033 (with an option to extend to 2043) net of any GST, and regardless of this specific unit's individual occupancy rate.
Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
Currently enjoying full occupancy until at least March 2022 with the local government, returning roughly $870 per month NET to unit owners. Historically, pre-pandemic unit owners were receiving $1,040 per month on average.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 129 but do provide a close example.
▪ Rent based on Hotel accommodtion revenues, historically $12,500 (average) regardless of individual room occupancy rate
▪ 5% NET yield (approx.) in the heart of Hobart with long stable lease and potential for yield growth over time
▪ outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
▪ Built 1976
Gallery
Colin Miller
Harcourts Hobart
+ 61 0417 246 760
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More Details on 129/156 Bathurst Street, Hobart TAS
How many bedrooms and bathrooms does 129/156 Bathurst Street, Hobart have?
129/156 Bathurst Street, Hobart is a 1 bedroom, 1 bathroom apartment.
Who is the agency that listed 129/156 Bathurst Street, Hobart?
The agency who listed 129/156 Bathurst Street, Hobart is Harcourts Hobart - you can contact the agents here.
How many car spots does 129/156 Bathurst Street, Hobart have?
129/156 Bathurst Street, Hobart is a 0 car spot home.
How much is 129/156 Bathurst Street, Hobart?
The price of 129/156 Bathurst Street, Hobart is unavailable - contact the agents to find out more.