This property is a unit located on a lot in 2145958 Hobart TAS. In this market, it is valued at approximately $390,000. Constructed in 1890, featuring 1 bedroom and 1 bathroom.
An excellent investment opportunity Heres an excellent investment a modern, secure studio apartment in the heart of Hobart that offers a generous income. It boasts efficient use of space and comes fully furnished with queen bed, OLED TV, contemporary art, small table and chairs and a fully equipped kitchen. The bathroom comprises a shower, vanity, toilet and washing machine.This studio apartment is one of five in a building that won architectural awards in 2006. Residents can enjoy a private rooftop terrace with views across the Hobart skyline and Mount Wellington.The apartment has been used primarily for short-term holiday letting for the past four years with some 3-4 month periods interspersed of longer term rental averaging in excess of $400 per week. Its been particular attractive to locum doctors and business professionals due to its central location.The owners average net income over the past four years has been approximately $43,000 per year (thats a net return of over 11%). Occupancy has exceeded 97% each year.This is a great little pad that could be your own little piece of Hobart real estate - ready for you when you want to visit, and generating a very good income when youre not in town.Contact Edwards Windsor for your private inspection if youre ready to buy.