128A Augusta Road
Lenah Valley, TAS 7008

This exceptional investment opportunity features two properties located in the highly sought-after residential suburb of Lenah Valley, approximately 4 kilometers northwest of Hobart CBD. The offering includes 128A Augusta Road and 2 Haig Street, which can be purchased individually or as a combined portfolio. Both properties are sold subject to a secure 10-year leaseback agreement with Hobart City Mission, a well-established charitable organisation serving Tasmania since 1852.

Purpose-built and thoughtfully redeveloped to meet accessibility requirements, these properties are utilised for supported independent living. They feature level access, lifts, handrails, wide doorways, and fully accessible amenities, ensuring comfort and convenience for residents.

• Located just 100 meters from Lenah Valley's village precinct, residents enjoy exceptional convenience with access to a range of local amenities including a grocery store, pharmacy, newsagent, bakery, cafés, and a service station.
• The leaseback to Hobart City Mission commences at $60,000 per annum per property, with annual rent increases tied to the greater of 3% or CPI, providing a reliable and growing income stream.
• This is a set-and-forget, low-maintenance investment, with the tenant responsible for all outgoings, reducing the landlord's management burden.

Specifically, 128A Augusta Road contains 6 bedrooms and 3 bathrooms, with a building area of 230 square meters. Meanwhile, 2 Haig Street offers 8 bedrooms, 2 bathrooms plus a powder room, and a building area of 264 square meters. Combined, the properties provide a total of 14 bedrooms and 5 bathrooms, with a combined building size of 684 square meters on a land size of 1,019 square meters.

Additional features include 5 toilets, 2 open car spaces, and 1 carport, catering well to the needs of residents and visitors alike. This investment is ideal for those seeking a secure, long-term lease arrangement with a reputable tenant in a prime location.