2 Greenway Avenue, Lenah Valley TAS 7008

This monumental property situated just out of old Hobart Town now presents an amazing opportunity to make modern day money! A stately home originally built in the early 1900s but more recently operated as three separate flats, with enormous possibility for the astute investor or handyman.

For the most part the property has been stripped to its basic construction, with the exception of new plaster and paint and substantial wiring and plumbing. There is still obvious work to be done in each of the flats to properly capitalise on potential rent return, but the scope for value gains across 3 dwellings (and income streams) within one building in this blue chip location are endless.

Flat 1: At 180sqm this is the largest and most updated of the flats, on the upper level with 3x bedrooms, 1x bathroom, a large lounge room with adjoining kitchen and dining and enclosed concrete deck area. Abundant space with a huge main bedroom or second living area and much of the groundwork complete.

Flat 2: 81sqm with single bedroom and bathroom, and separate lounge and kitchen/dining areas. Needs some work but a great renter to a single or couple.

Flat 3: 115sqm with 2x bedrooms, 1x bathroom plus separate lounge, dining and kitchen areas, plus a separate laundry. Also still needs work but substantially painted with updated electrical and not far away from completion.

The flats are each separately metered by Aurora and share a water meter. Situated on a corner allotment there is plenty of parking within the property and easy parking at street level. Conveniently located within walking distance to local shops and services and approx. 5 minutes drive to the Hobart CBD, with the right vision this property is certain to make a very rewarding investment.

- Huge property with 3x separate flats
- Excellent scope for value gains
- Blue chip investment location
- Substantial plaster, paint & electrical
- Minutes to local shops or Hobart CBD

Year Built: 1915
Construction: Stucco and Brick Board