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12/149 Brooker Avenue, Glebe TAS 7000

Offers Over $425,000

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$425k - $446k Transparent Transparent Listing Based on an openly advertised listing price.

Villa 2 Beds 1 Bath 1 Car 171 m² 95 m²

Listed: 2 days ago

Overview

This well-positioned villa at 12 / 149 Brooker Avenue in Glebe offers a compelling opportunity for investors seeking a secure, long-term passive income. Situated within the established Trinity House serviced apartment complex, this property benefits from an existing commercial lease to Fawless Pty Ltd, operators of Quest Trinity, which provides a stable rental return and minimizes management responsibilities.

The villa features two bedrooms, one bathroom, and a separate toilet, all encompassed within a building size of 95 square meters on a 171 square meter parcel of land, presenting a compact yet functional layout. The single living area and single carport complement the efficient design, making it suitable for a range of tenants or owner occupiers seeking low-maintenance living.

The lease arrangement, effective from February 1, 2026 to January 31, 2031, with options extending to 2051, secures rental income with fixed 4% annual increases, reflecting a thoughtful financial growth strategy. Rent is currently set at $23,500 per annum plus GST, independently reviewed to ensure market relevance. Moreover, the tenant undertakes interior maintenance, significantly reducing the day-to-day responsibilities for the landlord.

As an added benefit, approximate landlord outgoings are clearly outlined and modest, including council rates, water, and body corporate fees. This transparency assists potential buyers in assessing the financial commitments involved.

The villa's location offers a lifestyle advantage, being a short stroll from North Hobart's vibrant restaurant precinct and the Central Business District. This proximity, combined with strong year-round demand from corporate and leisure guests under the Quest brand, underscores the property’s appeal to investors focused on steady occupancy and resilience.

Long-term lease with stable, escalating income.
Minimal management burden due to tenant-maintained interiors.
Compact but well-appointed dwelling ideal for various occupants.
Excellent location with lifestyle and accessibility benefits.

This property primarily appeals to investors targeting consistent rental returns in Tasmania’s serviced apartment market, with an established tenant partnership offering peace of mind and predictable income streams. It represents a prudent addition to an investment portfolio, with the potential for capital growth supported by its desirable location and quality tenancy.

Local Market Insights

In Hobart, Quiet Listings observed 11 new villas entering the market over the last 30 days, up from 8 during the previous 30-day period, with an average advertised asking price of $607,273. The property type mix of listed properties is predominantly Houses at 64%, followed by units (15%), and land (13%). The most active agency for villas in the Hobart area is currently PRD Nationwide, representing 18% of new listings, followed by EIS Property with 18%. 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.