For Sale Expressions of Interest
16 BED · 16 Bath · 16 PARKING
Unsurpassed opportunity to acquire an entire block of sixteen one-bedroom serviced apartments within Hobart’s most desirable inner suburb.
This is an exceptional investment opportunity:
Proven short stay accommodation performer, with strong pipeline of forward bookings, operated by Red Awnings Group. Red Awnings can operate for the new owner if desired.
Low maintenance rendered concrete block and Colorbond construction with double glazed window units.
Built in 2009, the development offers considerable on-going tax depreciation benefits.
Each apartment has its own secure basement car space – incredibly rare for Battery Point.
Each apartment has its own separate title, enabling immediate sell-down and/or potential split of purchasing entities/borrowings.
Lift servicing all levels of the building.
Attractive mixed-use zoning. Residential and short-stay accommodation uses are permitted uses.
Exceptional location in Hobart’s most affluent suburb, walk to city, Salamanca Place, Sullivan’s Cove, Hampden Road village and much more.
Hobart’s tourism accommodation sector is experiencing buoyant conditions; 1.28M visitors last year. Tasmania is the fastest growing state for international visitation – up 16.6% in the past year.
The property is being sold via Expressions of Interest.
Land Area: 1073m² approximately