Offers over $1,900,000

7 BED ·  6  Bath ·  4 PARKING

Beautifully renovated block of four spacious Art Deco apartments in park side setting, all with separate titles, to be sold in one line, fully furnished.

Displaying all the classic lines of this much admired era, this all white block of four apartments, consists of 3 x 2 bedroom apartments and 1 x 1 bedroom apartments.

Under current ownership, the building has been extensively refurbished throughout, ensuring a low maintenance proposition for the new owner. Building works, all approved by council, have included: full rewiring and replumbing, internal replastering,  all new double glazed window units, repainting inside and out, all new kitchen and bathroom fitouts, new floor coverings, window furnishings and light fittings. Additionally, the building comes fully furnished ready for immediate occupation, reflective of it’s current use as a highly successful short-stay accommodation provider.

The new owners will have several compelling options at their disposal:

  1. Continue operating the current short-stay accommodation business. Abridged financials for the past two years can be supplied to interested parties.

  2. Lease the property out long-term either furnished or unfinished. Rental assessments can be supplied to interested parties.

  3. Owner occupy in part and use the balance for either of the above uses.

  4. Partially sell down individual titles, given strata titles exist for each apartment

Either way, this represents a brilliant and rare opportunity to acquire an investment grade residential property with enormous lifestyle amenity - opposite Fitzroy Gardens, walking distance to the city, Salamanca, the University of Tasmania’s Sandy Bay and city campuses, Sandy Bay shops, local schools and much more.

Main Building Area:              319m²  approximately
Land Area:                          1082m² approximately