2 /
4
Riverway
Road
montrose
TAS,
7010
SOLD
Sold for $320,000
2
1
1
Property: 93 sqm
Great Investment! Great Location! Great Tenant!
Calling all investors. Here exists a great opportunity to acquire an affordable investment set in a great location close to services and less than 1km from the heart of the Glenorchy CBD. It is located less than 50 metres from the "bike track" (which runs all the way to the city) and about 500 metres to the Montrose Bay foreshore and recreational area. This ground floor apartment is one in a block of four and is set on a flat block with its own lockup garage.
The apartment, which is in good condition, is very spacious (approx. 93sqm) comprising large lounge, a generous kitchen with adjoining dining room, two big double bedrooms (both with full built-in robes), combined bathroom/ laundry and a separate toilet. This Apartment has heat pump air conditioning and also has its own garden shed and small patio area.
The tenant is a retired gentleman who has now been in the property for more than 5 years. He has an excellent rental history and would like to remain at the property. The current lease expires in October 2021. The property is rented for $280 per week.
Opportunities to enter the investment market in a prime location at this price level don't happen often. Here exists a great opportunity to attain a great investment in a great location with a great tenant. You'll need to be quick because this won't last long.
Inspections by appointment only.
Agents
Nearby Schools
About montrose
median house price
623000median house rent
492suburb rental yield
4.1%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
