1/221-223 Collins Street, Hobart TAS 7000

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1/221-223 Collins Street, Hobart TAS 7000

1/221-223 Collins Street, Hobart TAS 7000

Sold

2 beds

2 baths

Sold by Stuart Whyment and Vickie Berry

It is rare that you find one property in this area ripe for redevelopment, but we are able to offer the market three properties, each with significant potential for capital gain.

221-223 Collins Street, on the corner of Berea Street, comprises three strata titled properties each with both residential and commercial potential (STCA) and presented to the market to be sold by tender as single units or as a package.

Lot 2 221-223 Collins Street is an original 112msq cottage with a standard layout of two front rooms, a lounge opening to a kitchen, and a bathroom. There is also an opportunity to open up an internal staircase to access rooms upstairs. The property has the potential to be returned to its original status as a cute inner city cottage, or opened up as a showroom or warehouse (STCA).

Next door at Lot 1 221-223 Collins Street is a large double story commercial building currently tenanted as a computer repair centre. The tenant will be vacating in early June.

Downstairs covers 99sqm of warehouse, showroom and storage space. There is a large display window at the front plus plenty of room for signage.

Upstairs is a 54sqm bed-sit flat that includes a makeshift kitchen area and a bathroom. This space has the potential to be a funky loft conversion (STCA), with loads of light from wrap around windows.

At the rear and facing onto Berea Street, is Lot 3, a 180sqm sandstone warehouse best described as a shell, waiting for total gutting and redevelopment into something special.

The original sandstone façade, huge floor space, its location and original condition make this the perfect project for anyone with imagination. There have been some improvements to this property, such as new guttering. The property would make a fabulous residential or commercial premise (STCA).

All three properties are for sale by tender closing at 5pm on 10 June 2014. Tender documents are available from LJ Hooker Glenorchy.