5 Hodgman Street, Burnie TAS 7320

What we have here is a rare offering indeed, a triple income investment, bringing in over $40k per year! 5 Hodgman Street has been converted into three separate dwellings, each with long term tenants already in place. The property sits on the hillside looking over Burnie and out to Bass Strait and is only minutes from the Burnie CBD, Beach, shops, university, gyms, cafes and more!

Unit 1 has:
2 Bedrooms;
Bathroom with both shower and bathtub;
Separate Toilet;
Updated kitchen;
Access onto the large deck area.

Unit 2 has:
2 Bedrooms;
Large bathroom with included laundry;
Separate toilet;
Access onto the large deck area.

Unit 3 has:
2 large bedrooms, both with built in wardrobes;
Bathroom with combined laundry;
Private outdoor area.

INCOME:
Unit 1: $255 p.w, Unit 2: $320 p.w, Unit 3: $290 p.w Total - $865 p.w.

OUTGOINGS:
Council rates: $411p/qu (approx.)
Water Rates: $386p/qu (approx.)
Land Tax: $136.50 p/qu (approx.)
Insurance: $460 p.q (approx.)
Electricity: $1,106 p.q (approx.; included in rent)

Building Size: 214m2 (approx.)
Land Size: 379m2 (approx.)

During this pandemic - if you are unable to inspect this home, we are kindly offering virtual inspections. At this time if there is anything that we can do to make your buying experience easier, please just let us know.

One Agency Burnie has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.