This recently upgraded boutique block of ten apartments to be sold as one is sure to reward astute investors. Brilliantly located, the property comprises 4 one bedroom apartments and 6 bedsits. All of the generously sized apartments offer a large open plan kitchen, dining and lounge, spacious bedroom with access to the bathroom providing shower, vanity and toilet. The bedsits contain kitchen, dining, lounge combined with bedroom and bathroom. The complex is further complemented by a communal laundry and useable outdoor space at the rear. Private parking arrangements are available directly opposite the site.
This is an incredible opportunity to unlock the key to investment success. Currently returning $155,000 per annum with increases available to achieve a projected rental return of $172,000 with existing tenancies in place, this prime blue-chip property is only minutes’ walk to Hobart CBD.
– Land Size 682sqm (approx.)
– Fully let apartment
– Potential return of more than 5.5% Yield (approx.)
– Ideal Superannuation fund investment
– Four (4) 1-bedroom apartments
– Six (6) Bedsit apartments
– Current Rental Return $155,000 per annum (approx.)
– Projected Rental Return $172,000 per annum (approx.)
– Renovated kitchens and bathrooms
– Useable outdoor space
– 500m walk to Hobart City
This property is available for inspection by appointment only!
For further information, including floorplans and video of the property please text goulburn’ to 0416 907 822.