Outstanding opportunity for the astute investor to add a first class property, council rated as 3 flats, to their portfolio.

Occupying a sunny northerly aspect and commanding a spectacular, panoramic Derwent water vista, showcasing views to the Tasman Bridge, Australia’s first casino and beyond, this property having delivered a solid 6.5% gross return, also promises excellent capital growth for years to come.

Top level hosts an expansive 144m2 apartment comprising 3 bedrooms, spacious open plan living area, functional well appointed kitchen, family bathroom, separate toilet, enclosed balcony and plenty of storage options. Parquetry flooring and large windows are a highlight of the apartment and level access from the carport is a real bonus.

Architectural era features are delightfully prominent throughout, yet a chic modern renovation would enhance and raise value instantly.

Two one bedroom units downstairs with slightly differing layouts provide everything required for city fringe lifestyle living, being slightly larger than the average and enjoying the superb breathtaking views the property hosts. Both units further share an apportion of outdoor garden area, perfect for alfresco refreshments on beautiful sunny days.

An extensive dry and carpeted underhouse storage area is a welcome addition.

Located just minutes walking distance of the highly sought Lansdowne Crescent Primary School, cosmopolitan West Hobart eateries, Hill Street Grocer, walking trails, transport, shops and services, the location is seen as outstanding, and the opportunity to purchase this solid nugget of an investment property rewarding.