7/6 Fraser Street, New Town TAS 7008

Constructed in 1895 and established as a boot factory, "Kensington" was much later transformed into an apartment complex now comprising of 7 separate dwellings. These units are now available separately (pending issue of strata title) representing an outstanding opportunity for investors or owner/occupiers to acquire a solidly built, character-filled building offering reliable return and immense potential.

To be sold in stages (units 6 and 7 now) each of the seven apartments has a fully equipped eat-in kitchen and spacious separate living room. Apartment 1 has two double bedrooms and apartments 2 - 7 have one double bedroom each. All apartments have a bathroom with shower over bath and laundry facilities. Two apartments have a private balcony and another two on the ground floor have a private terrace. Behind its impressive historic faade the property is in good condition throughout. Original features remain in situ with timber panelling and an ornate staircase in the foyer area, original timber doors and picture rails all giving the complex character and soul.

Positioned on an allotment of 650 sqm, there is space for at least five off street car parks at the rear of the property. Whether you choose to leave it as is or realise further potential gains through a renovation, "Kensington" presents a fantastic opportunity for the astute investor.