Self-contained villas near historic Port Arthur site sells

Port Arthur Villas, a set of self-contained getaway units near Hobart, has recently sold for an undisclosed sum.

The freehold property, located opposite the Port Arthur Historic Site, went to the market with price expectations of $1,45 million.

The complex includes a residence, reception and laundry building, nine four star units in three separate blocks, tractor shed, barbecue shelter and surplus development land all set amongst landscaped gardens and lawn on 1.2 hectares.

The target price was split as $450,000 for the residence and $1,000,000 for the nine units. It last traded for $300,000 in 2006, according to RP Data.

The property was built from 1987 to 1989 and the units were upgraded in 2006 for more than $100,000. They have a private sewerage system, town water, plus a large dam fed by a running creek.

The residence spans two-storeys and has three bedrooms and a private courtyard.

The property is only a five-minute walk to the historic site. Previous DA approval was received for adding six more villa units.

World heritage-listed Port Arthur Historic Site is among the most significant convict era sites in Australia and worldwide. Port Arthur attracts more than 250,000 visitors a year.

The vendor wanted to sell as he is retiring.

The selling agent was Knight Frank's John Blacklow.