244 Macquarie Street

Hobart TAS 7000

The second dwelling, 244A - The Cottage is a compact 3 bedroom cottage with a layout to suit the student accommodation market. Rented as fully furnished and equipped, the cottage always enjoys a high long term occupancy rate due to its convenient location, ease of living and clean, well maintained condition. Rooms have been rented long term for up to $200pw each.

The third building is a 5 year old 6 bedroom, 1 bathroom house (2 toilets). Equipped with a spacious open plan kitchen and living area, the home was built with not only student/city worker accommodation in mind but as a well laid out family home. Constructed in 2015, this brick and timber home enjoys an enviable city position and has always been popular on the rental market. There is a solar system on the roof as well as some storage and a separate laundry room. Rooms have been rented long term for up to $200pw each.

Future opportunities exist to value add to the properties. With just a little work remaining, there may be the ability to strata title the three dwellings. There are also professionally drawn plans to potentially expand the front home by building up (plans available upon request).

Whilst there is currently only one off street car park on site, council permits are available from the HCC.

INSPECTIONS BY APPOINTMENT.

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