Mixed-Use Property
Situated in a prime location in one of the most sought after suburbs in Howrah, is this fantastic property with ‘mixed use’ zoning for residential and business use with existing tenancies. Achieving a great income of $49,3660 p.a, it would suit a buyer wanting to owner occupy in whole or part, or continue to lease out as an investment. The property has had significant improvements and has 3 on-site parking spaces plus a single car garage. Close to shops, schools and only 10K from the Hobart CBD, this is a great investment opportunity and is one not to miss out on!
• Rare investment opportunity, coveted ‘mixed use’ zoning • Shop front accompanied by an attached 2 bedroom unit • Cleverly designed to segregate residential & business • Recently renovated, new flooring & new double glazing • Currently tenanted, achieving gross rent of $49,366 pa • Business premises leased at $509pw till July 2028 • Business rental increase 5% annually • Residential premises leased at $440pw unit November 2026 • Convert to single residence, restaurant or office (STCA) • Low maintenance, level block adjacent Eastwood Park • Single car garage plus three off street parking spaces • Popular family suburb only 10km from the Hobart CBD • 10 minutes short walk to Howrah Beach
Built: 1970 Construction: Brick Heating: Heat Pump Council Rates: Approx. $3782 pa Water Rates: Approx. $1000 pa + usage
