Positioned in the heart of West Hobart and just five minutes from the Hobart CBD, 98 Molle Street is a premium dual income-generating property designed for the savvy investor or lifestyle buyer seeking flexibility and strong returns. Behind its modest façade lies a renovation that is nothing short of extraordinary-every detail meticulously executed, every finish top-tier. Upstairs, the two-bedroom residence showcases a designer bathroom fitted with luxury fixtures, and a fully renovated kitchen complete with integrated fridge, freezer, and dishwasher. The space is light-filled, stylish, and immediately comfortable-ideal for premium short-stay guests, executive tenants or an opportunity to live in luxury whilst receiving a very healthy passive income.
Below, the former garage has been transformed into a self-contained one-bedroom apartment that feels more like a boutique retreat. Underfloor heating flows through the tiled areas, while the kitchen and bathroom mirror the same high-end finish as the upper level. A generous living space adds to the sense of scale and quality, creating a luxurious environment that guests will return to again and again.
West Hobart's charm and liveability make it one of the most sought-after locations in Tasmania. Moments from acclaimed eateries like The Pigeon Hole, West Side Laundry Café and WunderBar, the property also enjoys direct access to the scenic Hobart Rivulet Track-offering the perfect blend of nature and lifestyle just minutes from the city.
Importantly, this property places you right at the heart of Hobart's booming tourism calendar. Annual headline events such as the Taste of Summer, the Sydney to Hobart Yacht Race, MONA FOMA, and Dark Mofo draw consistent visitor demand all year round. With short-stay accommodation in Hobart achieving average occupancy rates of 74% and strong nightly returns, 98 Molle Street represents a powerful investment proposition. Fully utilising both residences for Airbnb or short stays could deliver a gross income in excess of $150,000 per annum, while living in one and leasing the other offers a passive income of approximately $75,000.
Whether you're entering the short-stay market or adding to a high-performing portfolio, this stunning dual income-generating property delivers the perfect combination of luxury, location, and long-term profitability.
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