Mixed-Use Property
Situated in a prime location in one of the most sough after surberbs in Howrah, is this fantastic property with ‘mixed use’ zoning for residential and business use with existing tenancies. Acheiving a great income of $44,824 p.a, it would suit a buyer wanting to owner occupy in whole or part, or continue to lease out as an investment. The property has had significant improvements and has 3 on-site parking spaces plus a single car garage. Close to shops, schools and only 10K from the Hobart CBD, this is a great investement oppoturnity and is one not to miss out on!
• Rare investment opportunity, coveted ‘mixed use’ zoning
• Shop front accompanied by an attached 2 bedroom unit
• Cleverly designed to segregate residential & business
• Recently renovated, new flooring & new double glazing
• Currently tenanted, achieving gross rent of $44,824 pa
• Business premises leased at $462pw till April 2025
• Business rental increase 5% annually
• Residential premises leased at $400pw unit November 2023
• Convert to single residence, restaurant or office (STCA)
• Low maintenance, level block adjacent Eastwood Park
• Single car garage plus three off street parking spaces
• Popular family suburb only 10km from the Hobart CBD
• 10 minutes short walk to Howrah Beach
Built: 1970
Construction: Brick
Heating: Heat Pump
Council Rates: Approx. $3782 pa
Water Rates: Approx. $1000 pa + usage