We are delighted to present to the market 60 Lansdowne Crescent in West Hobart. This unique property features three separate units and offers plenty of opportunities for the savvy investor or homeowner looking for multiple income streams. The options are endless with the potential to either rent out all three units or live in one of the units and continue to generate a strong income whilst being centrally located in West Hobart's vibrant community in one of the most prominent streets.
The main residence, unit three, a generous one-bedroom unit is north facing providing you with all day sun and a beautiful outlook of the Hobart city, Derwent River and beyond. The property has been recently updated with a new heat pump, brand new blinds, and a fresh coat of paint throughout. The kitchen is fully functional and adjacent is a spacious walk in butler's pantry providing you with ample storage. The bedroom is generously sized, which is serviced by an ensuite bathroom featuring a shower over bath, vanity, and toilet. Unit three is also wheelchair accessible from the ramp near units one and two.
Units one and two are located at the back of the property with their own private entry and have also undergone a number of improvements such as; new flooring, brand new blinds, freshly painted walls plus upgrades to the appliances like the free standing ovens, heat pumps and brand new front loader washing machines. Both units are laid out as a bedsit.
All units are currently rented for a combined total of $745 per week with all long-term tenancies in place. Current market rent would sit at around $900 per week. All units are self-contained, and all are separately metred with three brand new meter boxes, NBN connected, new Wi-Fi smoke alarms, professional re-wiring throughout for great television reception and mains street gas is also available.
Under the house is a generously sized garage area which provides ample storage, a workshop space or even a studio area. An opportunity exists to convert this very usable space as a fourth one- or two-bedroom apartment (STCA).
Outside, the gardens surrounding the home have been well maintained and contain an array of fruit trees, plants, and shrubs. A small veggie patch is located at the back of the garden and is perfect for those green thumbs. A gardener tends to the property on a regular basis to ensure the gardens remain tidy all year round. Additionally, enjoy the benefits of an outdoor toilet, great for those who choose to entertain in the gardens.
There is multiple off-street parking available, offering at least one parking space per unit.
Centrally situated in the heart of West Hobart this well constructed solid brick home is a great investment opportunity to secure. Close to everything that you will ever need, including North Hobart restaurant strip, West Hobarts finest eateries, the gourmet Hill Street grocer, the family friendly train park and popular Lansdowne Crescent primary school. Whilst also being situated on a regular bus route and only 2kms from the Hobart CBD.
For further information or to arrange a private inspection, please contact Ben Vance.
Council Rates: $3,500.00 per annum (approx.)
Water Rates: $1,000.00 per annum (approx.)
Rental Estimate:
Units one and two - $250 - $280 per week (approx.)
Unit three - $300 - $340 per week (approx.)
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