525/156 Bathurst Street, Hobart TAS 7000

This apartment provides a unique opportunity to invest in a turnkey executive suite situated within the Best Western complex, ideally positioned on the fringe of Hobart's central business district. The property capitalizes on stunning city and Derwent River views from private decks, providing a tranquil yet connected backdrop that enhances its appeal.

The apartment comprises two generously sized rooms: one master bedroom furnished with a king-sized bed and a modern renovated bathroom, and a separate lounge area, offering flexible space for tenants or guests. With an active management agreement with the Best Western Hotel group, this investment alleviates the typical burdens of property management by covering bookings, cleaning, and maintenance—a true set-and-forget prospect.

The current long-term lease, which extends to 2035 with an option for an additional decade, delivers a stable average net income of approximately $1,000 per month. Owner obligations include annual land tax, council rates, and strata levies amounting to around $1,943, reflecting a well-managed financial commitment for investors.

• Located on the 5th floor, the property enjoys modern interiors and access to onsite amenities including a gym, restaurant, bar, and function rooms, which add lifestyle value to tenants and residents.
• The owner benefits from an entitlement allowing a four-night stay annually, providing a personal retreat within a lively hospitality setting.
• Its proximity—merely five minutes on foot to downtown Hobart and a ten-minute stroll to the historic Salamanca Place—makes this apartment an attractive base for exploring Tasmania's vibrant capital city.

This property is especially suitable for investors seeking a hassle-free asset to include in a diversified portfolio or within a self-managed superannuation fund. The assured lease, professional on-site management, and enviable location combine to create an appealing investment with promising income certainty.