10 Burnside Avenue, New Town TAS 7008

Presenting an exceptional investment/development opportunity, this unique property comprises four units and a large workshop in the highly coveted New Town area.

With the share market in a state of uncertainty, secure your financial future or retirement income now.

Set on an 846 sqm allotment, this property is centrally located within a short stroll of the vibrant North Hobart restaurant precinct, as well as New Town Plaza, and an array of popular local shops and eateries. Additionally, it provides seamless access to the intercity cycleway, facilitating an easy commute to the Hobart CBD.

With strong rental demand for units across Hobart, and a location that offers a dynamic and convenient lifestyle, each unit is currently tenanted bringing in a total of $85,000 gross pa. Additionally, the expansive workshop at the rear of the premises offers income or future development opportunity development (subject to council approval).

This property represents a versatile opportunity for astute investors and developers, and is certain to create excitement in the market!