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Midway Point, Units 1&2/11-13 Karachi Street

Opportunity Knocks Twice!

Best offer over $245,000

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Listing Number: THS9959
About this listing

First time buyers and retirees will love the value these neat, tidy, low maintenance and level units represent. Investors too can reap the high yielding, low vacancy rewards on offer in these two strata titled units to be sold separately or together.

Maintaining 100% occupancy for over 16 years, they are currently leased until August 2018 at $290 per week to long term tenants. This provides a healthy no fuss 6% gross return for your portfolio or self managed super fund. They are currently self managed, however our rental team have appraised the rents higher in the current market at between $300 to $320 per week.

These solid, well built brick, tile, and aluminium window-framed units have been efficiently designed, and positioned to take advantage of the outlooks across the water towards Pitt Water Reserve, Barilla Bay and Mount Wellington.

Each comprising a carport, 2 bedrooms, 1 bath room, separate laundry and toilet - and contemporary open plan kitchen, dining and lounge room - the comfortable homes are light, bright, and airy.

Set on good sized fully fenced, sunny strata blocks of approximately 244m2 there is room for pets, or kids to play happily, or to nurture a productive veggie patch or pretty floral garden.

Midway Point is only 20 minutes drive to Hobart CBD, 7 minutes to the airport, 8 minutes to large retail and services hubs at Sorell or Cambridge, and it forms the gateway to all the wonderful adventure awaiting you up the East Coast or Tasman Peninsular.

All the boxes are ticked for a perfect first home, retiree's haven, or sound investment that will just keep on giving - move quickly on these!

▪ Perfect high yielding growth investment with great water outlooks
▪ Neat, tidy and level, with contemporary floor plan
▪ Low maintenance brick, tile, and aluminium window frame construction
▪ Single carport, fully fenced private and sunny yards
▪ Leased for $290/week (6% gross yield) until August 2018
▪ Close to popular Cambridge school nine minutes drive away
▪ Eight minutes drive to major retail hubs, twenty minutes to Hobart
Property Information
  • Floor Area: 77 sqm
  • Land Size: 244 sqm
  • Approx year built: 1990
  • Property Type: Apartment

Contact Details

Harcourts Hobart

32-34 Sandy Bay Rd
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