Located in the vibrant and ever-popular suburb of New Town, this unique property offers a rare chance to secure a property with three self-contained apartments and a four-room storage space—all on one title. Whether you're looking for a strong investment, a multi-generational living solution, or a mixed-use opportunity, this versatile property delivers.
The property is comprised of:
A spacious three-bedroom, one-bathroom apartment, with bedrooms located upstairs for added privacy and separation from the living spaces.
A comfortable one-bedroom, one-bathroom unit, ideal for long-term rental or short-stay accommodation.
A functional bedsit, perfect as a low-maintenance rental, studio, or guest accommodation.
Plus, a generous four-room storage area offering excellent flexibility—ideal for storing business stock or personal belongings.
Parking is no issue with multiple secure off-street parking spaces behind the property and a further 3 parking spaces at the front for ease of access.
Situated in the heart of a bustling, well-established shopping precinct, the property is surrounded by popular cafés, boutique stores, supermarkets, and essential services. The location is a drawcard for tenants and future buyers alike, with top-rated schools, public transport, and Hobart's CBD just minutes away.
There is also the opportunity to secure next door (59-59a New Town Road), which is home to a commercial space, currently functioning as the Quilt and Pillow factory and on the upper level a 3 bedroom, 2 bathroom apartment.
Opportunities like this are rare—multi-unit properties with additional storage in premium inner-city locations are highly sought after. With multiple income streams and excellent potential to further capitalise, this is an investment you won't want to miss.
Property features
· Three self-contained apartments on one title:
Spacious 3-bedroom, 1-bathroom apartment (bedrooms upstairs)
Comfortable 1-bedroom, 1-bathroom unit
Low-maintenance bedsit
· Versatile four-room storage area – ideal for business use or extra storage
· Multiple secure off-street parking spaces at the rear
· Additional three front parking spaces for easy access
· Prime location in the heart of New Town's busy shopping precinct
· cafés, supermarkets, boutique stores, and essential services within walking distance
· Close to quality schools and public transport options
· Just minutes to Hobart's CBD
· Excellent investment potential with multiple income streams
· Rare opportunity in a tightly held, high-demand area
Council rates: $2,700 pa approx
Water rates: $3,117 pa approx
Zoning: Inner residential
Rental estimates:
Unit 2: $460 pw approx
Unit 3: $400 pw approx
Unit 4: $350 pw approx
Year built: 1900
Construction: Brick
