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New Norfolk, 1-12/10 Charlotte Street

Rare opportunity - 12 units on one title!

Best offer over $900,000

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Listing Number: THS9628
About this listing
Positioned on a sunny, level block awaits a rare opportunity for an astute investor to secure 12 partly conjoined studio and one bedroom apartments which are returning approximately $140 per week each, or $87,360 per year (around 8.7% gross yield).

"Charlotte Street Studio Apartments" consist of three separate buildings of four conjoined units each. These are all on one title giving potential purchasers scope to strata and sell each unit separately (STCA) with the security of your holding costs being met with an excellent rental yield. Or a more simple strategy is to purchase for a SMSF to provide consistent cashflow into the future.

There are a total of ten studio apartments approximately 35m2 that have the same and mirrored configurations, and two approximately 55m2 one bedroom apartments.

Constructed with sturdy masonry brick veneer walls, galvanised iron roof, and aluminium window frames, the property has been built to last. The grounds are designed for easy, low maintenance living.

There are ten covered carport spaces for tenants, and many more purpose-marked spaces available on Charlotte street.

New Norfolk is a township that has it all including many historic sites, schools, retail, and medical services - even a five star heritage listed hotel. It forms the gateway to Mount Field, Lake Pedder, Strathgordon, and the South West Wilderness. Recently it has attracted international attention hosting the acclaimed Agrarian Kitchen gourmet eatery, and sustainable farm-based cooking school, and the much anticipated world class gravity-focused Maydena Mountain Bike Park scheduled to open in January 2018.

With so much going ahead for New Norfolk and with interest rates at records lows the timing is perfect, so inquire today.

▪ Twelve partly conjoined studio and one bedroom apartments on one title - potential to strata (STCA)
▪ All are let at approximately $140pw (approx $87,360 per year) yielding 8.7% gross return
▪ Ten covered car spaces
▪ Easy walking distance to schools, Metro transport, and Woolworths retail precinct
▪ 35 minutes drive to Hobart CBD
Property Information
  • Floor Area: 502 sqm
  • Land Size: 1835 sqm
  • Approx year built: 1972
  • Property Type: Block of units

Contact Details

Harcourts Hobart

32-34 Sandy Bay Rd
Hobart
Office website

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