68 Augusta Road

Lenah Valley TAS 7008

A splendid property with so much scope for multiple types of buyers. An owner occupier who wishes to generate an income from the top level and live on the ground floor. A straight-out investor looking for a blue-chip property in prime location or an investor/ developer looking to add value by building a separate strata dwelling at the rear STCA. Situated within easy walking distance to trendy cafes, eateries, Salamanca Fresh and even the local post office and newsagency is close by. There is a bus stop directly across the road and the renowned North Hobart Caf strip is an approximate 10 minute stroll.
Fantastic tenants upstairs pay $350 per week and the tenancy expires on the 23rd of April 2018. Downstairs could realistically generate $385 plus per week at peak rental season. The property is perfectly suited for Airbnb where an astute buyer could generate an excellent income stream. Entering the top level by either the superb front private balcony or via the rear stairway, you will be impressed by the floor plan and presentation. Tas Oak floorboards, modernised kitchen including Miele appliances and gas cooktop, honeycomb blinds and a stylish bathroom/ laundry area. An Archer gas fireplace warms the outstanding open plan living, dining and kitchen space and the hallway provides separation from the 3 bedrooms. The ground level residence is essentially the same as upstairs, but a much larger living area as it extends under the balcony and there is also ducted gas heating throughout and new carpet in the bedrooms.
The electrical switchboard has been upgraded and there are 2 x gas hot water units plus ample storage underneath the ground floor. Plenty of off-street parking is available at rear of property or at the front of the property along Augusta road. Natural gas supply is a major plus and as stated previously further development of the site is discretionary, but given the density of the area, there is a chance another dwelling could be approved STCA. Please call Nyal and arrange a viewing of this magnificent offering today.