9 Sandy Bay Road
Hobart TAS 7000
EOI closing 11th June 2026 at 4pm
Fully Leased Investment with Premium Finishes in a Blue Chip Location
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.
• Prime location near Salamanca Place, the historic waterfront and Hobart's key commercial and retail precincts.
• Fully refurbished throughout with new kitchens, bathrooms and floor coverings.
• Diversified income stream across 18 individual separate tenancies.
• Close proximity to Macquarie Point Stadium precinct.
• Strong rental growth outlook supported by limited housing supply and elevated construction costs.
• Value-add potential through Strata subdivide and individual apartment resale^.
• Short-stay accommodation opportunity benefiting from Tasmania's growing visitor economy^.
The property is for sale By Expressions of Interest closing Thursday 11th June 2026 at 4:00pm AEST.
For further information or to arrange an inspection, please contact the selling agents at Elders Commercial or Harrison Agents.
*Approximate
^STCA
Features
General Features
- Land Area: 965sqm
- Commercial Type: Hotel/Leisure
- Building Area: 786sqm
- Zoning: Urban Mixed Use
Can I afford 9 Sandy Bay Road?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
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