Positioned within a well-maintained complex in the heart of Montrose, 8/528 Main Road presents a compelling opportunity for the astute investor seeking stability, immediate income and future upside. Importantly, the unit is set well back from Main Road, offering a quiet setting that enhances tenant appeal while maintaining outstanding convenience.
This neatly presented two-bedroom unit offers durability and low-maintenance ownership. A long-term tenant of over 10 years is in place until January 2028, providing reliable income at $400 per week, with a scheduled rental increase from February 2027 - delivering confidence and continuity from day one.
The home is thoughtfully designed with a practical floorplan that separates accommodation from living via a central hallway. The light-filled open plan living and dining zone creates a welcoming central hub, enhanced by a reverse cycle air conditioner for year-round comfort. The kitchen connects seamlessly to a dedicated laundry, providing direct access to a fully fenced, private backyard complete with a shed.
Both bedrooms are generously proportioned and fitted with built-in wardrobes, serviced by a centrally located bathroom. Complete with ample hallway storage further and off-street parking as well as visitor parking, adds additional practicality and tenant appeal.
Beyond its current performance, the property presents genuine scope to add value over time. Cosmetic enhancements or thoughtful updates in the future may further strengthen rental yield and capital growth prospects.
Montrose continues to be a consistently strong-performing suburb within Hobart's northern corridor. Positioned approximately 15-20 minutes from the CBD, it also offers convenient close access to Glenorchy's major shopping precinct, schools, public transport and essential services. The suburb is known for its ongoing buyer and tenant demand driven by affordability relative to inner-city markets.
Secure income, quiet positioning, and long-term growth fundamentals - a sound addition to any investment portfolio.
