FULLY TENANTED MIXED USE INVESTMENT
23-25 Melville Street offers a fantastic opportunity to invest in one of Hobart’s evolving precincts positioned directly opposite a pending redevelopment site owned by the University of Tasmania and only a short walk into the CBD or Northern suburbs. The property would benefit from some modest renovation works to maximise future returns and further redevelopment at the rear of the site may be possible subject to approvals, for further accommodation or parking.
• Passing net income $63,931 per annum – 6% net return
• Ground level shopfront with rear workshop used as micro-brewery
• Two bedroom first floor apartment, one bedroom attic style apartment
• Roller door access from benefitting Right of Way off Argyle Street
• A property with upside in the heart of all the action!
Inspections strictly by appointment.