206 Harrington St, Hobart, TAS, 7000 - Flat Sold on 23 02 2019

Home

Hobart

SoldFeb 23, 2019

206 Harrington St, Hobart, TAS, 7000

Amount undisclosed

535 m²

742 m²

Flat

•

30+ days on the market

Sold: Feb 23, 2019

What's around 206 Harrington St

The Grandest of Grand Old Ladies

For Sale by Expressions of Interest Closing 5 pm 21/2/2019 (The Vendor reserves the right to consider offers prior to the closing date) This grand old lady of Hobart was constructed around 1840 by Father John Joseph Therry in sandstone and brick and is conveniently located on the fringe of the Hobart CBD, although back in 1840 this was considered the outskirts of town. The property has almost 30 rooms and off street parking for 5 to 8 cars, including a lock up garage and 2 undercover parking spaces, workshops, garden shed etc.. The house is divided into 4 apartment spaces (including the owners main residence) and a commercial office with storerooms. The owners residence and 2 of the apartments have been fully refurbished including complete rewiring new floor coverings, and upgraded bathrooms, kitchens and living areas, and provide an instant income stream in excess of $1200 per week as long term tenancies, or they could be used as short stay tenancies to maximise the returns. The out-buildings also offer returns as parking or storage in their current state, or could be converted to self contained accommodation (STCA). The larger upstairs apartment of over 16 squares is vacant, has not been refurbished and the new owners will be able to realise the potential of this area and increase the rental return with renovation of this area, likewise the office area is also vacant and will require an upgrade which will increase the rental return further or it could be used by the new owner as a private office area. The north facing main residence has a quirky mix of rooms including Father Therry's private chapel with it's Georgian gothic windows. The house features many original Georgian features including original (and functional!) cedar shutters on many of the windows and french doors and a great many 6 panel internal cedar doors. The property also enjoys impressive, original Australian cedar mantle pieces in the 2 larger rooms. The main residence has up to 4 bedroom spaces, but the current owners have configured it as a 2 bedroom residence with a dining room and a study. Through the living room's french doors lies a leafy linear garden space that provides a calm sanctuary from the busy city nearby. This property offers immediate returns and amenity for quality living, with enormous potential for the new owners to take it to the next level. This is a one of a kind property package that would be hard to find again in central Hobart. The current owners have completed a sensitive restoration of a large part of the building, as well as much remedial works and new storm water drains and structural improvements etc. An investor or an owner occupier will find this extensive and diverse property ensures a solid and reliable income stream. On the fringes of the Hobart CBD, it provides a unique mixture of tenancies, with many of the benefits of a diverse property portfolio in the one property acquisition. With such a large range of immediate and potential rentable areas, this property virtually eliminates costly vacancy periods and it's position will always ensure a good return.

▶

Looking for more information on 206 Harrington St?

Explore comparables, sales history and growth for this property.

Learn more

Buyer's review

over 7 years ago

Verified Review

Friendly, Professional and Thorough

Kim was very helpful in our Hobart property purchase. He was knowledgeable about the property and Hobart market and had answers to all our questions at hand, or would follow up promptly with responses from the vendors if anything needed clarifying (even after settlement).

Buyer

Seller's review

over 7 years ago

Verified Review

Kim Morgan review

Kim was the consumate professional, and provided us with a thorough marketing campaign that led to a good result. We highly recommend Kim to anyone selling their property.

Seller