20 Pitcairn Street, Glenorchy TAS 7010

An exciting and unique opportunity presents itself to secure a high yield investment in the heart of popular Glenorchy. Constructed in the 1940s and full of character and charm this property consists of a four bedroom home and one bedroom flat on one title offering the potential for a dual income stream. The home is also perfect for large and co-habituating families or offers the owner occupier the option of earning some rental income whilst living in the home. This one isn't going to last long!

• A house and flat on one title
• Ideal investment opportunity
• High rental yield
• Flat currently rented for $250 p/week
• House rental $450 p/week
• Development potential (STCA)
• Plenty of scope to upgrade and add value
• Walking distance to the Glenorchy CBD
• Set on an allotment of 637m² approx.
• Separated fully fenced yards
• Close to schools, shops, and public transport

About Glenorchy
Glenorchy has become one of Hobart's property hotspots. It has everything you could possibly need, from shopping centres to the Village cinema and boutique coffee shops like the Agent Cooper and around 15 minutes from the bustling Hobart CBD. The Glenorchy town centre is a short drive away with great local schools and is home to a council-run swimming pool, the popular Tolosa Park, football and soccer grounds, not to mention being a short drive to MONA and being close to the upcoming $200 million plus redevelopment of the Derwent Entertainment District - home the the new upcoming Tasmanian NBL side.

Year built: 1946
Construction: Weatherboard & brick veneer
Heating: Electric & wood
Approx. council rates: $1,800 per annum
Approx. water charges: $1,500 per annum
Total estimated rent return: $700 approx. per week

* The vendor reserves the right to accept offers prior to the advertised open home times.

* The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.