Midway Point

56 Penna Road

House
Offers over $495,000
3
1
2

“Scenic Investment Opportunity: Water and Mountain Views Await!”

Are you searching for a property that offers breathtaking views, convenient location, and endless potential? Look no further! We are thrilled to present a remarkable 3-bedroom, 1-bathroom home situated on a spacious block of land, overlooking the mesmerising waterfront with stunning mountain views.

Location is key, and this property has it all. Just a short 5-minute drive from the Hobart Airport, you’ll enjoy the ease of travel for both business and leisure. Furthermore, the bustling CBD is only a short 15-minute drive away, allowing you to indulge in the vibrant city life while still relishing in the tranquility of your own slice of paradise.

One of the most exciting aspects of this property is the potential for strata title subdivision, subject to council approval. This means you have the opportunity to maximize its value and explore various development options, making it an enticing prospect for investors and those looking to capitalize on the property’s potential.

Imagine unwinding after a long day and being greeted by the most stunning sunsets over majestic Mt. Wellington. This natural spectacle will be a daily reminder of the beauty that surrounds you in this thriving suburb of Midway Point. With a booming development scene, the area is set to flourish, providing excellent prospects for growth and capital appreciation.

First home buyers, renovators, and investors alike will find this property irresistible. The affordable price point ensures accessibility for those entering the property market or seeking a rewarding renovation project. Additionally, the rental return potential offers a great opportunity for investors to generate a solid income stream.

Don’t miss out on this incredible opportunity! Properties of this caliber and affordability are in high demand and rarely stay on the market for long. It’s priced to sell, so act swiftly to secure your piece of this remarkable Midway Point gem.

Currently tenanted at $480.00 per week on a 12 Month Lease until the 18th August 2024.

To schedule a viewing or obtain more information, please contact us today. We are eagerly awaiting your call and look forward to assisting you in making this dream property yours.

– 15 Mins Drive to Hobart CBD
– 5 Mins drive to Hobart Airport
– Water & Mt Wellington views
– Potential to Strata Title STCA

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Property Information

Year Built
1961
Land Area
766 sqm approx
Floor Area
87 sqm approx

Features

Roof
Colorbond
Exterior
Render

Parking

Off Street Spaces
2

Documents

Buyers Declaration Contract Tips

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