Multiple options to live, invest or develop

We are pleased to present to the market this appealing property that yields high returns and offers flexible living options where you can supplement your income. Positioned in a quiet bush setting street on 2851m2 of land in the upper hills of Glenorchy, this home presents immaculately and is ready for those wanting to move straight in.

Comprising of two conjoining units, each consisting of two bedrooms and an open plan living and kitchen. Also featuring a spacious well-appointed bathroom with combined laundry. Both units have had new carpet and fresh paint throughout, making it a nice neutral colour palette with good natural light.

Enjoy the benefits of a large double garage, great for that home DIY enthusiast or tradespeople. With additional storage space under the home. Multiple off-street parking is also available and in addition a remote-controlled single car garage for unit one.

The dual living option lends itself to running effective short-term accommodation, or to live in one and rent the other, or perhaps the smart investor looking for dual income capability.

There is also potential to add further value by subdividing the property to create one vacant block, or additionally you could convert back to a spacious family home (STCA).

You'll love the location with just a stone's throw from Glenorchy's main shopping hub and only a further 10-minute drive to the Hobart CBD. This private bush setting property has a lot to be desired with strong income potential just waiting to be discovered.

Each unit has been appraised to achieve between $300 - 320 per week, or $600 - $640 combined. Which is a strong return for the overall proposition.

For further information or to arrange your own private inspection, please contact Ben Vance.

Council Rates: $1,900.00 approx. per annum
Water Rates: $1,100.00 approx. per annum

Read More Read Less

Main Property Features

Listing Number: THS23596

Floor Area:
141 sqm
Land Size:
2851 sqm
Property Type:
Unit, House
Approx year built:
1980
Read More Read Less

Your enquiry has been sent. Thank you.

Harcourts Hobart

32-34 Sandy Bay Rd
Hobart
Office website or View office details

Property Location