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Flat
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for sale
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Significant Development & Investment Opportunity in Prime Sandy Bay Location
Mornington, Hobart
· 29 Bedrooms · 16 Baths · Flat
Mornington, Hobart · 29 Bedrooms · 16 Baths · Flat
Ideally located along a key arterial road, the property enjoys exceptional accessibility, being approximately two minutes to Sandy Bay Village, within walking distance to the University of Tasmania, and only five minutes to Hobart CBD. Public transport is conveniently located directly at the front of the complex, further enhancing tenant appeal and long-term investment performance. Occupying a generous 1,841sqm (approx.) allotment within the sought-after Inner Residential zoning, the property offers immediate income combined with long-term value-add potential. Previously utilised as long-term University of Tasmania accommodation, the complex continues to benefit from strong and consistent rental demand. Substantial Residential Complex The property comprises two detached, three-level buildings (circa 1970), offering a total of 16 residential units with the following configuration: • 9 - two-bedroom apartments • 4 - one-bedroom apartments • 2 - three-bedroom apartments • 1 - bedsit With
Ideally located along a key arterial road, the property enjoys exceptional accessibility, being approximately two minutes to Sandy Bay Village, within walking distance to the University of Tasmania, and only five minutes to Hobart CBD. Public transport is conveniently located directly at the front of the complex, further enhancing tenant appeal and long-term investment performance. Occupying a generous 1,841sqm (approx.) allotment within the sought-after Inner Residential zoning, the property offers immediate income combined with long-term value-add potential. Previously utilised as long-term University of Tasmania accommodation, the complex continues to benefit from strong and consistent rental demand. Substantial Residential Complex The property comprises two detached, three-level buildings (circa 1970), offering a total of 16 residential units with the following configuration: • 9 - two-bedroom apartments • 4 - one-bedroom apartments • 2 - three-bedroom apartments • 1 - bedsit With
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