An opportunity for investors to secure themselves a good return in the exclusive and sought after location of Battery Point. On offer for the first time in 26 years, 8-10 De Witt Street Battery Point.
This substantial building comprises of 8 rental units totaling 625m2 (approx) and a massive 150m2 (approx) undeveloped workshop. All units are currently tenanted apart from one which is under renovation.
Five of the Eight have been professionally renovated including new wiring, plumbing & insulation.
Off street parking is available for four vehicles.
Currently all on one title there is the possibility to stratum title the flats further increasing their value (stca).
Those renovated have boast quality appliances including european washer/dryer combinations, induction cooktops (unless otherwise noted), full size ovens, full size fridges (unless otherwise noted) full size dishwashers and all are fully furnished. A full chattel list is available upon request.
The whole building is serviced by a mainframe computer system, currently situated in the roof space. This system allows for all the LAN wiring, CCTV systems & WiFi connections to all units. This system can be operated on site or remotely. Internet is ADSL2+ and is currently offered unlimited at little cost to the Vendor, making a huge difference to tennant convenience and unit marketability.
Each completed unit has multi zone GEC alarm systems, and each has fixed TV monitors in the living rooms and all bedrooms all linked to the mainframe.
Recently installed was a 3 phase main switch board with new smart meters to service the whole building, with provision for expansion of new connections. An upgrade to the phone system allows for 90+ connections, a consideration for those wishing ton develop the garage space further (stca). The garage frontage has council approval for an entry door to the left of the main door, and the current roof space is ample to add a second level (stca). Apartments, call centre, offices … this space is open to many possibilities.
All this just a minutes stroll to cafes, 5 minutes to Salamanca place and Sandy Bay, 10 minutes to Hobart CBD and the University of Tasmania.
Properties such as this are rarely available so be quick to secure yourself a good return.
Please contact Jodi Hansson 0409976994 or email jodi.hansson@harcourts.com.au for further information.