Investment opportunity Constructed in 1895 and established as a boot factory, ‘Kensington’ was much later transformed into an apartment complex now comprising of 7 separate dwellings. Offered to market for the first time in fifteen years, this property represents an outstanding opportunity for investors or developers to acquire a solidly built, character filled building offering reliable return and immense potential. Each of the seven apartments has a fully equipped eat in kitchen and spacious separate living room. Apartment one has two double bedrooms and apartments 2 - 7 have one double bedroom each. All apartments have a bathroom with shower over bath and laundry facilities. Two apartments have a private balcony and another two on the ground floor have a private terrace. Behind it’s impressive historic façade the property is in good 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 650m2, there is space for at least five off street car parks at the rear of the property. Desirably located within a short distance of the Hill Street Grocer and the cosmopolitan North Hobart Strip, rental properties in New Town are always popular with tenants seeking out this suburb for its convenience and the vibrant lifestyle it offers. 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.
