206/156 Bathurst Street, Hobart TAS 7000

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 2 • Bathrooms: 1

Description: Looking for an easy investment with a long-term lease and strong returns? This 2 bedroom unit in Best Western Hobart offers just that. Income is approximately 6% gross yield (5% net) and a lease secured until June 2035, with an option to extend to June 2045. Returns are calculated based on the hotel's total accommodation and car parking revenue rather than this unit's individual occupancy rate, ensuring a more stable income stream. Best Western Hobart features modern conveniences such as conference/function rooms, a bar and restaurant, making it a sought-after destination for visitors. Each bedroom has a separate balcony with scenic views to Hobart City. Best Western is situated within easy access to Central Hobart, Salamanca Markets and the Waterfront. Owners are responsible for council and water rates and a Strata Levy contribution, currently estimated at approximately $1,889 per unit per year. Photos have been provided by Best Western Hotel and may not depict the specific unit 206 but offer a close example These units are tightly held, so secure your investment today. Features • Rent is calculated based on hotel accommodation revenues (the ten-year average is $11,304 p.a. per unit net to owners). • Estimated 6% gross yield (5% net) in the heart of Hobart, with potential for long-term growth. • Four nights free accommodation annually for owners. If you are Interested in purchasing multiple units and for further information please contact the agent. Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt it's accuracy, guarantee cannot be assured. The content is intended as advice, and as such cannot be taken as absolute fact. Any and all imagery displaying outlines, measurements or locations are approximate for marketing purposes only. Please refer to the title documents supplied. Accordingly, all interested parties should make their own enquiries to verify this information.