Fantastic investment opportunity comprising two strata titled flats

Freestanding house configured as two strongly performing rental units, each with its own separate title. This is a blue-chip investment opportunity not to be missed with over $42,600 p.a. in gross income.

Built c1920, the property consists of two modernised one-bedroom flats, each complemented with a kitchen-dining area, formal lounge and a bathroom-laundry.

The building sits on a deep block with two undercover parking spaces, two storage sheds and offers excellent value add potential via a multi-dwelling development (STCA).

Offering an exceptional location, this home is steps away from a local grocer, butcher and public transport and is in close proximity to a comprehensive suite of amenities and attractions: Sandy Bay and South Hobart shops, Hill Street Grocer, UTAS, Princes Street Primary School and Fitzroy Gardens.

All inspections are conducted in accordance with the latest government guidelines. We may request you to wear a mask, use hand sanitiser, refrain from touching any items/fixtures and doors and ask you to provide your contact details. We appreciate your assistance.

Living area:
Unit 1- 70m²
Unit 2- 87m²
Land area: 830m²

Approx outgoings per unit:
Council Rates - $1,622 p.a.
Water Rates - $960 p.a.