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Outstanding Investment Opportunity - 2 Conjoined Units

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Description

From its elevated vantage in this prestige location, these two co-joined apartments (one title) offer executive style living only one block from the Devonport CBD and waters edge. Its sophisticated heritage style interior offers large bedrooms, flat living, with full embracement of a 900+ square metre block. You can sit and watch the Spirit of Tasmania sail in the mouth of the river, walk to work in the Devonport CBD or visit the array of restaurants and shopping only one block away.

There is off street parking for at least two vehicles and the true value of this property comes from the option to develop the backyard by building and/or subdividing subject to council approval.

This property was previously operated as Heritage Hill accommodation with a rental income of up to $54,000 a year. With long term leases currently in place the rental income is approximately $25,000 per year. The zoning allows for the property to be used as either commercial or residential, so the sky is the limit when it comes to investment opportunity.

The property is fully tenanted and will be sold fully furnished by the owner.

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