128A Augusta Road

Lenah Valley TAS 7008

684 m²

1019 m²

House

Currently for sale - view listing

Overview

Outstanding investment opportunity - 10 year lease

Elders is pleased to present an outstanding investment opportunity to the market comprising 128a Augusta Road and 2 Haig Street, Lenah Valley. These two properties are available for purchase individually or as a combined portfolio and will be sold subject to a secure 10-year leaseback to Hobart City Mission. Purpose-built and redeveloped to meet accessibility requirements, both properties are utilised for supported independent living, featuring level access, lifts, handrails, wide doorways, and fully accessible amenities. * Situated in the highly sought-after residential suburb of Lenah Valley, 4* km north-west of Hobart CBD. * Exceptional convenience, just 100* metres from Lenah Valley's village precinct, offering a range of local amenities including grocery store, pharmacy, newsagent, bakery, cafés, and service station. * Secure 10-year leaseback to Hobart City Mission, commencing at $60,000 pa per property with annual rent increases to the greater of 3% or CPI. * Set and forget, low-maintenance investment – tenant responsible for all outgoings * Hobart City Mission is a well-established charitable organisation, serving Tasmania since 1852. * 128a Augusta Road contains 6 bedrooms and 3 bathrooms with a building area of 230 sqm* whilst 2 Haig Street has 8 bedrooms 2 bathrooms plus a powder room and has a building area of 264 sqm*.