For Sale $1,750,000.00 offers around - Commercial and Residential
Trevor is looking for an astute investor or developer to acquire Two Heritage listed cottages as well as at the rear of 71 / 73 Warwick Street, Hobart a car park and workshop at the rear.
Situated just a 10 minute walk from the Hobart Mall this fantastic investment opportunity offers a lifestyle plus a great rental return. The property situated at 71/73 Warwick St Hobart and includes 67a Warwick Street ajoined to the carpark area it consists of two beautiful old homes divided into five units one recently renovated for the owner or manager all on long term rental.
What is included
House 1
71 Warwick Street on the right of the house is a 4 bed unit with very large kitchen and lounge upstairs there are four bedrooms with dorma windows the left of house is a spacious one bed room unit currently being repainted both flats are on long term rental this house is the original Warwick St Cottage which is etched into the sandstone above the varandah.
House 2
73 Warwick Street from the right is a two bedroom unit in the middle is a one bedroom flat fully renovated used exclusively by the owner but would return a good rent on the left is a very large two bedroom unit with main bedroom upstairs both units either side of the owners unit are on long term rental. In all there are 5 units.
Workshop with Office
At the rear of the property is a large workshop/office on long term rental to a car rental company with its own toilet/basin hot water heater these facilities are newly constructed .
There are 25 car parks which includes the property 67a Warwick which is only accessable from the main carpark
25 Space Car Park
At the rear is a 25 park car park area and a large workshop also on long term rental .
The new Myer has just opened and Hobart is starting to boom this property lends itself to future development subject to council approval and the Capital gain would be fantastic .
This unique property has a range of potential development option (all variations to planning use are subject to approval) including continuing the existing rental arrangements
Additional Details
- Contact: Trevor the Owner via email cromwell2@bigpond.com or Phone 0418752150
