182m²

Property Description

An astute investment

Built in 1914 Kara' is a stunning federation home that has had a complete overhaul to provide x3, one-bedroom apartments. The renovations completed whilst retaining character and a modern vibe that provides easy living without a thing to address for many years to come. Showing a very healthy weekly rental return of $1020 ($340 each) all the apartments are tenanted with 12-month leases.

Upgrades and renovations include:
New roof
Fully upgraded wiring
Commercial grade main electricity box
New flooring throughout including commercial grade carpet
Upgraded kitchens and bathroom fittings and fixtures
New window coverings throughout
Professionally painted interior and exterior
New front veranda
Fully landscaped front garden
3 off street parking spaces

Hobarts rental market is I high demand especially for properties that have desirable locations and this one certainly ticks that box. The property is located In the heart of the Lenah Valley and North Hobart food hub, close to the Calvary hospital, only around a 5 minute drive to the New Town Plaza and under 5km from the Hobart CBD - centrally located to get anywhere with ease. With a well thought out renovation and upgrades already in place this property will make a sound investment that will be a fabulous inclusion to any investor's portfolio. Alternatively, this property has immense potential to be returned to a single dwelling and with very little work it could again be a beautiful family home.

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The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
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Our Agent

Jo Brownless