A Jewel to Invest In
This charming property offers a quality renovated home with abundant character, set in sought-after location with an impressive annual rental return, making this residence a sound asset to add to any astute investor’s portfolio.
This jewel has come to life after a recent major restoration to the exterior of the home, which has been beautifully executed highlighting the personality and style of the early 1900s architecture the residence exudes. Further improvements were also carried out internally where possible with consideration to all permanent tenants with one bedroom left vacant for the refurbishment and property sale.
Over the years the living areas have been converted into bedrooms, with the property now consisting of five bedrooms each with an en-suite. Occupants share a combined kitchen and laundry room which is tidy and adequate for its purpose while the newly fenced courtyard including an external restroom provides a good area for private gatherings. The property also offers four off-street car parks which is rare for the area.
The property’s close proximity to the University of Tasmania and Sandy Bay business district has attracted a high occupancy rate, good tenants and an excellent income stream.
The property could present other use opportunities i.e visitors accommodation, business practice (STCA) or be converted back to a family home.
If you are looking for a quality property and investment in a prime location, then this one is for you!