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23/149 Brooker Avenue, Glebe TAS 7000

Offers Over $500,000

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$500k - $550k High Confidence Calculated based on strong search observations.

Unit 2 Beds 1 Bath 1 Car 161 m² 88 m²

Listed: 16 days ago

Updated: 12 hours ago

Overview

This well-maintained villa apartment is situated within the prestigious Quest Trinity House Serviced Apartments complex, offering a unique opportunity for investors seeking a professionally managed, low-maintenance asset in a prime Hobart location. Nestled among just 38 units, the property benefits from a sought-after, tightly held market known for its consistent demand from both business and leisure travellers seeking extended stays.

The apartment features two generously sized bedrooms complemented by a thoughtful open-plan living and dining area that flows seamlessly into the adjoining alfresco entertaining terrace. The well-appointed kitchen supports functional meal preparation, while the central bathroom includes both bath and shower as well as integrated laundry facilities, enhancing living convenience and guest comfort.

Backing this investment is a secure lease with roughly a decade remaining, delivering an annual return of $26,350. The lease includes structured rental increases for five years and subsequent market reviews, positioning the property as a stable asset with growth potential. Located just three kilometres from the Hobart CBD and bordering the popular suburb of Glebe, this unit offers easy access to the city centre, waterfront, and Salamanca precinct, lending itself particularly well to investors targeting city-fringe accommodation aligned with both corporate and leisure demand.

This offering is an excellent choice for investors looking for a "set and forget" opportunity within an established, professionally managed complex where upkeep is largely delegated. The ultra-convenient location and the reliability of the lease structure underpin the property’s appeal as a sound long-term investment within Tasmania’s capital.

Local Market Insights

In Glebe, Quiet Listings observed 7 new units entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $538,429. The property type mix of listed properties is predominantly Houses at 58%, followed by units (15%), and apartments (13%). The most active agency for units in the Glebe area is currently Petrusma Property – Sandy Bay, representing 43% of new listings, followed by Fall Real Estate with 29%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.