$1,980,000

8 Bed • 4 Bath • 3 Car • 491m²

Main view of Homely block of units listing, 34 Marieville Esplanade, Sandy Bay TAS 7005

Floorplan of Homely block of units listing, 34 Marieville Esplanade, Sandy Bay TAS 7005

Second view of Homely block of units listing, 34 Marieville Esplanade, Sandy Bay TAS 7005

+25

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Third view of Homely block of units listing, 34 Marieville Esplanade, Sandy Bay TAS 7005

Fourth view of Homely block of units listing, 34 Marieville Esplanade, Sandy Bay TAS 7005

+23

Sold

34 Marieville Esplanade, Sandy Bay TAS 7005

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$1,980,000

8Bed
4Bath
3 Car
491m²

Block of Units Sold on Fri 27 Apr, 2018

What's around Marieville Esplanade

Block of Units description

“Four apartments - investment opportunity in a fabulous location”

Margate Hall is a solidly built, art deco brick residence comprising four spacious apartments. Desirably located on Marieville Esplanade opposite the Royal Yacht Club of Tasmania, one of the apartments is currently successfully let as an Airbnb, with the other three on longer-term leases. With the potential to strata title (STCA), this property is an outstanding investment opportunity.

Each apartment accommodates a generous living room and dining, kitchen, two bedrooms with built-in robes and a central bathroom. There is electric heating, three garages and a courtyard.

With original art deco features including leadlight windows and timber work displayed throughout, this building has immense potential to capitalise on the short-term rental market.

Close to the local cafes, restaurants and amenities of Sandy Bay and within easy reach of Salamanca and the CBD, this is an excellent chance to buy into this much sought after, yet tightly held locale.