$2,100,000
342 Argyle Street, North Hobart, TAS 7000
DIVERSE INCOME, PROMINENT CORNER POSITION
Versatile mixed-use asset comprising three self-contained apartments and a fully leased restaurant occupied by the highly regarded 'Trophy Room' restaurant.
Occupying a level, corner land holding within a popular and vibrant inner suburban setting, this well maintained and beautifully presented property, offers the incoming purchaser a range of options.
1. Continue the existing short-stay operation whereby Hosting Hobart manage all of the apartments on behalf of the owner, in addition to obtaining income from the fully lease restaurant.
2. Partially owner occupy the property, short-term lease the smaller self-contained apartments and continue receiving rents from the restaurant.
3. Consider long-term tenancies for all or some of the apartments whilst also continuing to receive rents from the restaurant.
The property is superbly presented, comes fully furnished, has forward bookings and benefits from good offstreet parking including undercover parking beneath a carport.
More detailed financial information can be supplied upon request.
This represents a terrific opportunity to acquire a strong income producing property at an affordable price range within a highly desirable inner suburban setting, close to North Hobart shops, Friends School, and a short drive north of Hobart city Centre.
Building area: 268m² approx
Land area: 348m² approx
Outgoings (approx):
Council Rates: $8,186 p.a.
Tas Water (fixed charges): $4,653 p.a.
Occupying a level, corner land holding within a popular and vibrant inner suburban setting, this well maintained and beautifully presented property, offers the incoming purchaser a range of options.
1. Continue the existing short-stay operation whereby Hosting Hobart manage all of the apartments on behalf of the owner, in addition to obtaining income from the fully lease restaurant.
2. Partially owner occupy the property, short-term lease the smaller self-contained apartments and continue receiving rents from the restaurant.
3. Consider long-term tenancies for all or some of the apartments whilst also continuing to receive rents from the restaurant.
The property is superbly presented, comes fully furnished, has forward bookings and benefits from good offstreet parking including undercover parking beneath a carport.
More detailed financial information can be supplied upon request.
This represents a terrific opportunity to acquire a strong income producing property at an affordable price range within a highly desirable inner suburban setting, close to North Hobart shops, Friends School, and a short drive north of Hobart city Centre.
Building area: 268m² approx
Land area: 348m² approx
Outgoings (approx):
Council Rates: $8,186 p.a.
Tas Water (fixed charges): $4,653 p.a.
Property Info
Municipality
North Hobart
St Andrews Estate Agents Hobart
44 Bathurst Street
Hobart, TAS 7000
Tel: +61362403304
Email Us
Steve Yannarakis
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