511/1 Sandy Bay Rd

Hobart TAS 7000

48 m²

Serviced Apartment

Currently for sale - view listing

Overview

CBD Investment Around $35k Gross Return & or a Prime City Base

Situated on the top floor of the building, this fully furnished one-bedroom apartment offers spacious and restful accommodation, expertly managed by one of Australia's largest accommodation groups, Mantra Hotels, Resorts & Apartments. The apartment enjoys a picturesque outlook across Hobart's CBD, extending toward West Hobart and beyond. Delivering strong and consistently growing returns, this apartment presents an exceptional opportunity for astute investors seeking to capitalise on the high and ever-increasing demand for quality accommodation in central Hobart. The property also offers the flexibility of personal use—ideal for interstate travellers, investor-owners and it can be re zoned and used as a personal residence. Perfectly positioned opposite tranquil St David's Park and just a short stroll to Battery Point, Salamanca Place, the waterfront precinct, and the Hobart CBD, the location provides unparalleled convenience—no car required. Financial reports for the past three years are available upon request. For further information or to arrange a viewing, please contact Sam Monks. With Hobart's popularity as a premier tourist destination continuing to rise, now is the perfect time to secure this rare offering and enjoy the rewards it provides. • Fully furnished and managed • Opportunity to convert into a residence (STCA) • Proximity to the CBD and Salamanca • Art Deco architecture Year Built: 1928 Heating: Reverse Cycle Air-Conditioning Approx. Council Rates: $2684 per annum Approx. Water Charges: $827 per annum Approx. Body Corporate Fess: $9641 per annum Petrusma Property has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective Purchasers and the current Vendor(s) are advised to execute their own enquiries regarding the marketing material advertised or provided by Petrusma Property.