25/166 Bathurst Street, Hobart TAS 7000
25/166 Bathurst Street, Hobart TAS 7000
ONE SIX SIX building | fully furnished city apartment | private balcony with elevated views | secure car space | high rental demand
This unit presents a competitively strong, low-maintenance proposition within a well-established inner-city building. Its fully furnished status, combined with a secure car space and elevated city views, creates a rare turnkey package in Hobart’s core. It serves investors seeking immediate yield and lifestyle buyers prioritizing a secure, central base walkable to Salamanca and the waterfront. The current rental achieved significantly exceeds the listed lease rate, signaling robust tenant demand for this specific building and configuration.
Proceed with the understanding that strata costs are moderate for a building of this age and quality. The primary commercial opportunity lies in acquiring a high-demand rental property where the gross yield is already substantiated. However, the discrepancy between the listed lease and current rent requires immediate verification. This property is a hold for reliable, centrally-located rental income, not for capital growth speculation. Its value is in its operational readiness and location.
Detailed Independent Property Report prepared by PropCred Analyst team for 25/166 Bathurst Street, Hobart TAS 7000
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Hobart’s central positioning offers a vibrant cultural scene and strong connectivity, attracting professionals and families. Investor activity is prominent, driven by a tight rental market and resilient demand amid significant supply constraints. While the house market has softened, units show stronger momentum, with affordability and critically low listings presenting both a key growth driver and a primary risk to future value.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
3541m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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