425
Elizabeth
Street
north hobart
TAS,
7000
SOLD
Sold for $816,000
3
3
Property: 158 sqm
Land: 668 sqm
Prime Investment Opportunity
Located on the cusp of North Hobart's culinary strip, this 1940's property couldn't be better situated. Divided into three 1 bedroom apartments they are close to shops, schools, services, bus stop and the ever popular Hill Street Grocer. A service road at the rear provides additional access to the property and vehicular parking.
Two of the 3 apartments have recently been freshened up but retain much of the original property's character, charm and Art Deco architecture. Picture rails, ornate timber work, stained glass windows, high ceilings and many other features add to the benefits of this investment. Photos for this property are of recently refurbished Apartment 1.
Each apartment is separately metered, has shared water, and comes with window furnishings, floorcoverings, stove, fridge, washing machine and electric panel heating.
The property has the potential to achieve combined weekly rents in excess of $1000. It was achieving a gross return of 6.1% which is well above the market average.
Opportunities like this don't come along that often. For the astute investor, this property should be considered a must inclusion to their portfolio. Call us today to organise your inspection.
Inspections by appointment only.
Agents
Nearby Schools
About north hobart
median house price
835000median house rent
600suburb rental yield
3.7%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.
