132-138 Allunga Road, Chigwell, Tas 7011

Unlock an extraordinary and rare investment with this block of 8 units which could easily be converted to 14 units with renovation - each offering further equity potential and opportunities to maximise market value returns. The property also features initial plans to subdivide an additional building block for a further two dwellings (STCA)

Property Highlights:

Location: Just 12km from Hobart CBD, near major shopping centers, services, and a bus stop at the front door.

Income: Earning $2,170 per week, totalling $112,840 annually – that's over a 6.5% yield with immediate scope to improve!

Property: 6 x 1 Bed 2 Bath Units: Featuring open-plan kitchen, dining and lounge, separate large bedroom with ensuite plus a second bathroom.
2 x 1 Bed 1 Bath Units: Utilised as bedsits with combined lounge, bedroom ensuite and separate kitchen.

Amenities: Communal clotheslines and ample allocated off street parking.

Land: Spans 2663sqm, providing expansive development potential. Initial plans for subdivision resulting in an additional building block of approximately 763m2 ripe for two dwellings. (STCA)

Investment Potential: Fully tenanted, ensuring immediate income.

Opportunities: Increase rental yields through renovations or creative strategies.
Ideal for superannuation fund investment, promising steady returns and capital growth.

Key Details:
Six (6) 1-bedroom / 2 bathroom units
Two (2) 1 bedroom / 1 bathroom
Annual Rental Income: $112,840 (approx.)
Proximity to Hobart and iconic attractions like the Mona Museum.
Seize this outstanding chance to bolster your investment portfolio with a property strategically positioned for continuous growth and attractive returns.