For Sale Expressions of Interest 

16 BED ·  16  Bath ·  16 PARKING

Unsurpassed opportunity to acquire an entire block of sixteen one-bedroom serviced apartments within Hobart’s most desirable inner suburb.

This is an exceptional investment opportunity:  

  • Proven short stay accommodation performer, with strong pipeline of forward bookings, operated by Red Awnings Group. Red Awnings can operate for the new owner if desired.

  • Low maintenance rendered concrete block and Colorbond construction with double glazed window units.

  • Built in 2009, the development offers considerable on-going tax depreciation benefits.

  • Each apartment has its own secure basement car space – incredibly rare for Battery Point.

  • Each apartment has its own separate title, enabling immediate sell-down and/or potential split of purchasing entities/borrowings.

  • Lift servicing all levels of the building.

  • Attractive mixed-use zoning. Residential and short-stay accommodation uses are permitted uses.

  • Exceptional location in Hobart’s most affluent suburb, walk to city, Salamanca Place, Sullivan’s Cove, Hampden Road village and much more.

Hobart’s tourism accommodation sector is experiencing buoyant conditions; 1.28M visitors last year. Tasmania is the fastest growing state for international visitation – up 16.6% in the past year.

The property is being sold via Expressions of Interest.      

Land Area:    1073m²  approximately