419/156 Bathurst Street
Hobart, TAS 7000

This investment opportunity offers a 1 bedroom apartment located within the Best Western Hobart complex, providing a secure long-term lease and attractive returns. The property benefits from an approximate 6% gross yield (5% net), with the lease secured until June 2035 and an option to extend to June 2045, ensuring a stable income stream for investors.

The income is calculated based on the hotel's total accommodation and car parking revenue rather than the individual unit's occupancy rate, which provides a more consistent and reliable return. The Best Western Hobart complex includes modern amenities such as conference and function rooms, a bar, and a restaurant, making it a popular destination for visitors to the area.

Conveniently located, the property offers easy access to Central Hobart, Salamanca Markets, and the Waterfront, enhancing its appeal to both guests and investors. Owners are responsible for council and water rates as well as a strata levy contribution, which is currently estimated at approximately $1,889 per unit per year.

Photographs provided are representative of the Best Western Hotel and may not depict the specific unit 419 but offer a close example of the accommodation quality. These units are highly sought after and tightly held, making this a rare opportunity to secure a reliable investment in the heart of Hobart.

Key features include:

• Rent calculated based on hotel accommodation revenues, with a ten-year average net income of $11,304 per annum per unit.
• Estimated 6% gross yield (5% net) located centrally in Hobart, with potential for long-term capital growth.
• Owners receive four nights of free accommodation annually.

This property is ideal for investors seeking a low-maintenance, set-and-forget investment with strong income potential and long-term lease security. Interested buyers looking to purchase multiple units are encouraged to inquire further.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided. However, no guarantee is given, and all interested parties should conduct their own due diligence and refer to title documents for verification. Measurements, outlines, and locations are approximate and for marketing purposes only.