* Located in the heart of Sandy Bay’s commercial precinct
* Virtually brand new student accommodation complex *
* Leased and managed by Tasmanian Tenants Union (Inc) – net income of almost $250,000 pa
* Five year lease commencing March 2008 for 5 years plus a further 3 year option.
* Comprises 34 airconditioned and gas centrally heated, student rooms, communal kitchen, laundry and dining/lounge facilities, individual room amenities, sealed on site car parking, and manager’s residence.
* Potential as a self operated accommodation business in future years.