425 Elizabeth Street, North Hobart TAS 7000

Offers Over $795,000

3 beds

3 baths

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.

Property Details

• Type: House
• Bedrooms: 3
• Bathrooms: 3