Positioned in Hobart's most tightly held and prestigious locations, this exceptional collection of four beautifully refurbished apartments presents an extraordinarily rare opportunity to secure a blue-chip investment in the heart of Battery Point. Just moments from Salamanca Place and the Hobart waterfront, this is a landmark offering in one of Hobart's most sought-after lifestyle destinations.
With established approvals and existing use rights for visitor accommodation (which can no longer be obtained) the property offers an outstanding opportunity to capitalise on Hobart's thriving tourism market. Successfully operating as premium visitor accommodation for many years, it delivers an ultra-strong cash flow with the flexibility to continue under professional management for a completely hands-off investment or to self-manage and maximise returns. Alternatively, the property lends itself to long-term residential leasing, owner occupation, or a tailored combination of both to suit your investment strategy. Offered fully furnished, every apartment has been meticulously presented, allowing for immediate income from day one.
A feature seldom found in Battery Point is the inclusion of valuable off-street parking, with dedicated spaces servicing two of the four apartments. To the rear, a private garden provides an attractive outdoor setting that further enhances the appeal for guests and residents alike.
Set within an unrivalled position, you're only a short stroll to the vibrant Hampden Road village, renowned cafés and restaurants, the iconic Jackman & McRoss Bakery, the Prince of Wales Hotel, the Shipwrights Arms Hotel, Salamanca Place, Constitution Dock and Hobart's CBD. Whether you're seeking a premium investment, a boutique accommodation business or a trophy property in one of Tasmania's most prestigious postcodes, this is a golden opportunity that rarely becomes available.
Outgoings (approx):
Council rates: $11,875.28 p.a.
TasWater: $3,569.32 p.a.
Land tax: $2,575
*Conjunctional Sale with Steve Yannarakis from St Andrews Estate Agents
