Secure an exceptional foothold in one of Hobart's most tightly held suburbs with this well-maintained 1950s apartment on prestigious Ellerslie Road. Situated in a boutique complex of just six, this property combines immediate rental income, low overheads, and long-term capital growth-all just steps from Salamanca, the waterfront, and Battery Point Village.
Key Investment Features:
- Currently tenanted at $500 per week until November 2025
- Gross rental yield of approx. 5.2% with potential to increase over time
Low annual holding costs:
– Council Rates: $2,080 per annum (approx.)
– Water Rates: $800 per annum (approx.)
– Body Corporate: Approx. $1022 per annum
Short-term rental appraisal available on request – opportunity to significantly enhance returns in Hobart's thriving visitor market.
Sought-after suburb with consistently strong rental demand and capital growth prospects.
Property Features Tenants (and Guests) Love:
- Light-filled living area with generous proportions
- Well-appointed kitchen offering excellent bench space and storage
- Spacious bedroom with built-in wardrobes
- Updated bathroom with modern walk-in shower
- Rare 25m² secure ground-floor storage room – ideal for personal items or Airbnb supplies
- Dedicated off-street parking – highly valued in Battery Point
- Access to shared laundry, garden, and clothesline
Location Benefits:
Positioned within walking distance to Battery Point Village, Salamanca Place, the CBD, and Hobart's waterfront precinct, this apartment offers an unbeatable lifestyle location for long-term tenants and holidaymakers alike.
Summary:
A proven income generator in one of Hobart's most iconic suburbs, this apartment is the ideal set-and-forget investment for those looking to enter or expand their portfolio. With an excellent tenant in place and future potential for short-stay accommodation, the numbers-and the location-speak for themselves.
