Presenting an ideal commercial investment for a balanced portfolio with the potential to add enormous value. A comparatively rare genre of property comes to market...a purpose built complex of 5 conjoined units forms an imposing quadrangle surrounded by colourful established gardens and a natural landscape.
* Expansive allotment of 4,153 sqm approx on one title
* Yield of $62,400 per annum with tenants in place
* Explore the possibility of subdivision, increasing the existing footprint or stratum title development
* Suit investors or live-in business interest for a creative couple/professionals.
* Well presented masonry brick veneer and tile construction, built in 1973
* Stunning majestic views of Mount Wellington and treescape
* Well situated on a reliable transport route
* UTAS, vibrant South Hobart and Sandy Bay villages closeby
* Additional infrastructure includes undercover parking and storage facilities
* The vendor reserves the right to accept offers prior to the closing date
