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Townhouse
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for sale
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Fully Leased Investment with Premium Finishes in a Blue Chip Location
University of Tasmania
· 786 m² · Townhouse
University of Tasmania · 786 m² · Townhouse
Positioned at the gateway to Hobart's CBD, 9 Sandy Bay Road presents a rare opportunity to acquire a fully tenanted residential investment of genuine scale and quality in one of Tasmania's most iconic locations. The property comprises 18 fully refurbished one-bedroom apartments across two buildings, each fitted with new kitchens, bathrooms, and floor coverings, delivering modern accommodation steps from the CBD, Salamanca Place and the historic waterfront precinct. With the recently approved Macquarie Point Stadium set to transform Hobart's events and tourism landscape, and Tasmania continuing to attract record visitor numbers, demand for well-located accommodation is only strengthening. Underpinned by Hobart's constrained housing supply and rising construction costs, the asset delivers a stable, diversified income stream with compelling future repositioning opportunities. Key Highlights: 18 north-facing fully leased 1-bedroom apartments delivering a net income of $479,759* per annum.
Positioned at the gateway to Hobart's CBD, 9 Sandy Bay Road presents a rare opportunity to acquire a fully tenanted residential investment of genuine scale and quality in one of Tasmania's most iconic locations. The property comprises 18 fully refurbished one-bedroom apartments across two buildings, each fitted with new kitchens, bathrooms, and floor coverings, delivering modern accommodation steps from the CBD, Salamanca Place and the historic waterfront precinct. With the recently approved Macquarie Point Stadium set to transform Hobart's events and tourism landscape, and Tasmania continuing to attract record visitor numbers, demand for well-located accommodation is only strengthening. Underpinned by Hobart's constrained housing supply and rising construction costs, the asset delivers a stable, diversified income stream with compelling future repositioning opportunities. Key Highlights: 18 north-facing fully leased 1-bedroom apartments delivering a net income of $479,759* per annum.
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