12 Graham Street
Invermay, TAS 7248

Overview

12 Graham Street, Invermay

Positioned in the popular suburb of Invermay, this well-established share house offers a compelling opportunity for investors seeking a high-yield asset with consistent returns. The property is fully configured for multiple tenancies, designed to maximize rental income with individual leases already in place, providing an immediate income stream from day one.

The main residence comprises five lettable rooms, supported by shared amenities including two bathrooms and a communal living, kitchen, and dining area. Practical features such as a separate laundry and an enclosed storage area enhance tenant functionality, while the low-maintenance yard minimizes upkeep requirements. Off-street parking is available for two to three vehicles, adding to the property's convenience and appeal.

Conveniently located close to Invermay shops, public transport, and local schools including Invermay Primary School and St Finn Barrs, the property is also just a short five to ten-minute drive to the Central Business District and University campus, making it an attractive location for tenants.

Adding further value, a separate studio at the rear is independently leased. This studio includes an open plan living and bedroom space, a well-appointed kitchen, and a private bathroom, providing an additional income source and flexibility for future use.

Currently, the property generates a combined rental income of $1,335 per week, reflecting strong returns from multiple established tenancies. All furniture and appliances are included in the sale, allowing for a smooth transition and continued operation as a fully furnished investment.

Key Features:

• Five individually leased rooms in the main house
• Two shared bathrooms servicing the residence
• Communal living, kitchen, and dining area
• Separate laundry and enclosed storage area
• Low-maintenance backyard with no lawn care required
• Off-street parking for two to three vehicles
• Detached studio with its own lease
• Studio includes open plan living/bedroom, kitchen, and bathroom
• Combined rental income of $1,335 per week
• Furniture and appliances included in the sale
• Close to Invermay shops, public transport, and local schools
• Approximately five to ten minutes to the CBD and University campus
• Multiple income streams from established tenancies

This ready-made investment with strong rental appeal is well suited to investors looking to expand their portfolio with a high-performing asset in a sought-after location. Council rates are approximately $2,000 per annum, and water rates are approximately $1,200 per annum.

Location