4/6 Fraser Street

New Town TAS 7008

Constructed in 1895 and established as a boot factory, Kensington was much later transformed into an apartment complex now comprising of 7 separate dwellings. These units are now available separately representing an outstanding opportunity for investors or owner/occupiers to acquire a solidly built, character-filled building offering reliable return and immense potential. To be sold in stages (units 3, 6 and 7 now sold, units 1, 2 and 4 now available) each of the seven apartments has a fully equipped kitchen and spacious separate living room. Apartment 1 has 2 double bedrooms and apartments 2 and 4 have 1 double bedroom each. All apartments have a bathroom with shower over bath and laundry facilities. Behind its impressive historic fa ade the property is in excellent condition throughout. Original features remain in situ with timber panelling and an ornate staircase in the foyer area, original timber doors and picture rails all giving the complex character and soul. Positioned on an allotment of 650 sqm, there is space for at least 5 off street car parks at the rear of the property. Whether you choose to leave it as is or realise further potential gains through a renovation, Kensington presents a fantastic opportunity for the astute investor. Unit 1 (2 bed) is offers over $395,000 and units 2 & 4 (1 bed) are offers in the low $300,000s.