115/15 Hunter Street
Hobart, TAS 7000

Overview

Front Row to Hobart's Next Growth Chapter

This property presents an exceptional opportunity to acquire a fully furnished waterfront studio apartment within the exclusive Zero Davey complex, currently operated as Zero Davey Boutique Apartments. These apartments offer a low-maintenance investment with an approximate 5% net return after expenses, situated in one of Hobart's most sought-after locations.

Buyers have the option to select from four individual studios, each with a unique position and aspect within the building. On the Davey Street side, there are two ground-level apartments (105/15 Hunter Street and 106/15 Hunter Street) and a first-floor apartment (115/15 Hunter Street), which is the subject property. This particular apartment benefits from a Juliet-style balcony, enhancing its appeal.

On the premium Hunter Street waterfront side, apartment 120/15 Hunter Street stands out with a larger private balcony and direct access to the marina atmosphere, offering a stronger lifestyle component alongside its investment potential.

The location is poised for growth with the nearby development of Hobart's new waterfront stadium. Such major infrastructure projects typically increase visitor numbers, year-round events, and demand for short-stay accommodation. These apartments are well positioned to benefit from the anticipated growth in tourism and accommodation demand, supporting occupancy rates and income potential over time.

Opportunities to invest in this tightly held complex are rare. Investors can secure a single apartment as a set-and-forget investment or consider purchasing multiple units to build scale in a proven waterfront accommodation complex.

Available Apartments:

• 105/15 Hunter Street - Ground floor (Davey Street side) - Offers over $595,000
• 106/15 Hunter Street - Ground floor (Davey Street side) - Offers over $595,000
• 115/15 Hunter Street - First floor with Juliet balcony - Offers over $595,000
• 120/15 Hunter Street - Larger balcony, waterfront side - Offers over $645,000

Key Features:

• Four individual studios available for purchase
• Approximate 5% net return after expenses
• Professionally managed accommodation complex
• Located on Hobart's iconic waterfront
• Walking distance to Salamanca, CBD, and dining precincts
• Flexibility to purchase one or multiple properties
• Strong ongoing demand for short-stay accommodation

Additional Information:

• Approximate current annual council rates: $959
• Approximate annual water rates: $781
• Approximate strata levies: $936
• Construction date: 2004

This property offers a unique blend of lifestyle and investment opportunity in a prime waterfront location with strong growth prospects.

Location