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Overview
Leased Investment with Immediate Return
Positioned in a well-regarded pocket on the edge of South Hobart and Sandy Bay, this top-floor apartment is part of a character block of just 12 units, originally built in 1937.
This property offers a practical, low-maintenance lifestyle, making it an excellent choice for first home buyers, investors, or those looking to downsize in a convenient location.
The interior layout is straightforward and functional. A long entrance hall leads to a generously sized lounge room, providing a comfortable living space that is temperature controlled by a reverse cycle heat pump. The kitchen is separate from the living area and includes ample storage to support day-to-day living.
There are two spacious bedrooms serviced by a central bathroom featuring a shower over the bath and a toilet.
A shared outdoor area near the entrance offers space for casual use, while a designated off-street car park adds everyday convenience. Shared laundry facilities are located on the lower level of the building.
The location places you within easy reach of local shops, cafés, and public transport. The University of Tasmania, Sandy Bay, Salamanca, and Hobart CBD are all close by, as are many historical locations. For outdoor enthusiasts, bush trails in Wellington Park, Waterworks Reserve, and Fern Tree are just moments away, with commanding views of kunanyi/Mt Wellington overlooking the suburb.
The property is currently leased at $405 per week until 29 July 2026, providing an immediate return for investors with the potential to review in the near future. Body Corporate Fees are $1400 bi-annually.
This well-positioned, top-floor apartment offers practical living and long-term value in a convenient, connected setting.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Offers Around $470,000 |
Location
South Hobart TAS 7004
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 78 m² |