1-12/531 Main Road, Montrose TAS 7010

An exciting & rare offering to the market, 12 stratum titled units adjacent to Hobart's 'Bike & Walking' Track, only 7 km or 15 minutes (APPROX) by car to Hobart's CBD & only 4 minutes(APPROX)' drive to MONA, Tasmania's premium tourist attraction. With long leases to residential tenants, the complex is an easy 'set & forget' investment as it is but it also offers the potential for development.
The units are of low maintenance construction, being brick with colourbond roof & aluminium windows. They are set on a level internal block which creates a quiet & peaceful environment for the residents. All the units are one bedroom units with open plan living/dining/kitchen & with separate bathroom. Most have been modernised or part modernised.
All the shops & services needed are a short walk away with public transport only about 150m from the door. Adjacent to the units is the Hobart bike track which carries cyclists from the city to Claremont.
In close proximity to the complex is the much lauded MONA (Museum of Old & New Art). This proximity suggests the potential to develop the complex into short stay accommodation thereby creating some upside on the purchase for the new owner. Another alternative could be to sell the units individually, an easy possibility since they are already stratum titled.

Agents in Conjunction:
Salamanca Realty
Suite 2/1 Castray Esplanade.
Battery Point, TAS 7004 03 6222 6363
Cathy Rae 0407 565 055