12-14A Newdegate Street, North Hobart TAS 7000

We are excited to present to the market this rare and rock-solid investment opportunity. This unique property features three separate units on the one title and offers plenty of opportunities for the savvy investor or homeowner looking for multiple income streams. There are lots of options with the potential to either rent out all three units or live in one of the units and continue to generate a strong income whilst being centrally located in North Hobart, right next door to the famous North Hobart strip.

There is a two-bedroom garden unit on the east side, a two-bedroom garden unit on the west side, and a generous two-bedroom unit occupying the entire top floor. They are separately metered for power, and all have their own private entrance.

There is the opportunity to renovate and add some capital value, and once improved to entry level, a combined rental income of $1320 per week could be achieved. We would expect $420 per week each for both the two-bedroom garden flats, and $480 per week for the two-bedroom top floor unit.

There is a good, long-standing tenant in the two-bedroom garden flat on the westerly side paying $310 per fortnight, who would like to opportunity to stay if possible, otherwise we can arrange vacant possession if needed.

Currently there is no off-street parking but there is potential to create one space (STCA).

You could not ask for a better location if you like being central to all the action. There is so much choice you would be busy all-year-round sampling the delights of every café, restaurant and bar between North Hobart and the City.

This is not an opportunity to be missed, it is an exciting investment prospect that will pay dividends for years to come.

For further information or to arrange a private inspection, please contact Ben Vance.

Expressions of interest closing Tuesday 22nd December at 5pm.

Council Rates: $3,200.00 per annum (approx.)
Water Rates: $1,000.00 per annum (approx.)