3 Montagu Street, Mount Stuart TAS 7000

This exceptional investment property has potential earnings of $980 per week. Originally constructed in1940, and presented in an excellent condition, the original home has been transformed into four quality flats. Maintained throughout to the highest standard this property has three current leases in place and a fourth available to be leased upon settlement.

The accommodation is split over two levels. The upstairs level has expansive views and consists of two large flats. Flat 1 has a large master bedroom basking in some amazing views and a sundeck off the living. Flat 2 has been tastefully upgraded with open plan living and a large master bedroom. Although split into two, this level could be easily converted back into a family home with the reinstatement of a door.

Downstairs there are a further two flats. Flat 3 you enter through the living room with a small kitchen to the right and then running through from the left is the main bedroom which also has a combined bathroom/laundry. Flat 4 you enter through the kitchen and is more of a bedsit with a combined living/bedroom and bathroom/laundry.

The low maintenance yards are in good condition, there is a communal washing line and ample off street parking. Close proximity to North Hobart shopping precinct, schools and cafes this property presents a great opportunity to secure a low maintenance investment close to the city.

48 hours' notice is required for inspections.

- Prime investment opportunity
- 2 x 2 bed flats, 2 x 1 bed flats
- Quality renovations throughout
- Rental income potential of $980 per week
- Under 10 minutes to the Hobart CBD

Year built: 1940
Construction: Weatherboard/Brick
Heating: Flats 1 & 2 gas, 3 & 4 elec
Council Rates: $2,500 per annum approx.
Water Charges: $1,450 per annum approx.
Estimated Rental Return: $980 per week