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31 Sorell Street, George Town, Tas 7253 For Sale
31 Sorell Street, George Town, Tas 7253 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Image 31 Sorell Street, George Town, Tas 7253-Floorplan

31 Sorell Street, George Town, Tas 7253

$700,000

Unit
Type
6
Bedrooms
3
Bathrooms
5
Parkings
716 m²
Area

Last updated on Thursday, August 06, 2026 ( See property details for 31 Sorell Street, George Town, Tas 7253)

$700,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity comprising three modern, well-maintained units in a prime location with excellent rental returns.

🏡 Property Highlights

  • Well-maintained block of three units with high occupancy rates
  • Each unit features two bedrooms and open-plan living areas
  • Modern updates including kitchens and bathrooms
  • Impressive 8% gross yield with secure leases
  • Convenient location just minutes from George Town’s vibrant centre
  • Three undercover parking spaces plus additional visitor parking

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Security Screens / Gates
  • Floorboards
  • Ensuite
  • Internal Laundry
  • Pet-Friendly
  • Fully fenced

George Town offers a vibrant community with a rich maritime history, excellent local amenities, and a growing economy. The area features convenient access to shops, cafes, and recreational facilities, making it ideal for tenants and investors alike. Its proximity to the waterfront and scenic surroundings enhances its appeal. The suburb benefits from ongoing development and infrastructure improvements, promising strong future growth potential. With a friendly neighbourhood atmosphere, George Town is an attractive location for both residents and investors seeking a high-quality lifestyle.

What is the current condition of the units and are there any recent renovations?
The units are well-maintained with modern updates including updated kitchens and bathrooms, ensuring a comfortable living environment.
What are the lease terms and rental income details?
The property currently has secure leases in place, generating an impressive 8% gross yield, with long-term tenants contributing to high occupancy rates.
Are there any restrictions or covenants on the property?
The property is freehold with no known restrictions or covenants affecting its use or future development.
What are the ongoing costs associated with the property?
Ongoing costs include maintenance, council rates, and property management fees, which are typical for investment properties of this nature.
Is the property suitable for future development or expansion?
The property sits on a 716m² parcel of land, offering potential for future development or expansion, subject to council approval.
Are there any existing easements, zoning restrictions, or planning overlays that could impact future use or development? Has the property been inspected for structural issues or pest infestations? Are there any upcoming infrastructure projects or developments in the area that could affect the property’s value? What are the strata or body corporate fees and regulations, if applicable? Is there any history of flooding or bushfire risk in this area? Are there any hidden costs associated with the property, such as repairs or upgrades needed? What are the terms of the current leases, and are there any lease renewal or vacancy risks? Are there any restrictions on pets or other tenant conditions? Is the property compliant with all local building codes and safety standards? Are there any planned changes to local zoning laws that could affect the property’s use or value?

31 Sorell Street, George Town, Tas 7253 - More Details

$700,000

Investors, take note – Rarely do opportunities like this come to market, a well-maintained block of three units presenting an investment that is truly “better than money in the bank”.

Comprising a total of six bedrooms and three bathrooms, each unit individually offers two bedrooms alongside an open plan living area, with modern comforts abound with updated kitchens and bathrooms across the portfolio.

Tenant satisfaction is high, as reflected in the long-term rental history and excellent occupancy rates. Three undercover parking spaces ensure convenience, plus additional off-street parking for visitors.

The property sits on a substantial 716m² parcel of land, just a leisurely three to four minute stroll from George Town’s vibrant centre – so shops, cafes, and all amenities are right on the doorstep.

Currently returning an impressive 8% gross yield with secure leases in place, this is a turnkey investment for those seeking solid returns in a rapidly growing area.

For further information or to arrange a confidential discussion, please contact us today. Don’t miss this opportunity to grow your portfolio with a blue-chip asset.
Type
Unit
Bedrooms
6
Bathrooms
3
Parkings
5
Area
716 m²

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