This gracious older style mansion has been converted into 4 very spacious self-contained apartments, presently fully tenanted with excellent tenants.

Close to all possible amenities, this one-of-a-kind investment/development opportunity is exceptional value for the astute investor willing to capitalise on Hobarts booming tourism and educational growth.

Present gross return of $1115.00 per week with plenty of potential to upgrade and achieve much higher returns.

Consisting of 1 x 3 bedroom, 1 x 2 bedroom and 2 x 1 bedroom apartments.

Each very large apartment is complete with separate kitchen, bathroom (3 flats with baths) and lounge, and all have white goods (fridge, electric stove, washing machine).

Flat 2 has a private court yard and an extensive sun room, plus a carport.

NBN available (Fibre to the premises) to all apartments.

Land size approx. 676 square metres. Off street parking for extra 2-3 vehicles.