This gracious circa 1910 home has been successfully transformed into a business with a surprising return for little effort required. Each of five bedrooms is leased to mature aged students on a 12 month basis. The rooms are fully leased until late January 2018. The rents are paid fortnightly through a direct debit system. The bedrooms are fully furnished, each with internet connection.
The five bedrooms comprise of three very spacious doubles and two generous singles. There are two bathrooms, a laundry and an open plan light filled kitchen, dining and living space. There is also a studio room downstairs.
The business is sold freehold with strata title, fully furnished with linen, kitchen equipment and white goods.
The property is perfectly positioned, located midway between the UTAS Sandy Bay campus and the Sandy Bay shopping precinct. The bus stop is across the street, and just a short walk to the CBD
• Sound investment in perfect location
• Good cash flow with little input
• Secure leases till late January 2018
• Close to UTAS and Sandy Bay shopping
• Easy stroll to CBD
• Metro bus stop across road
* This is a Buyer’s guide
Disclaimer: Information contained in this listing has been furnished to us from a number of sources including Tasmanian State Government Departments, Local Councils and the Vendor.
We have not verified whether or not that information is accurate and do not have any belief one way or the other in its accuracy.
We do not accept any responsibility to any person for its accuracy and do no more than pass it on.
All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is, in fact, accurate.
