Raasay is somewhat of a landmark building in South Hobart, once a gracious and substantial residence which has now become 4 self contained apartments on a stratum title. Apartment 3 is configured as 1 bedroom and two living areas with a separate kitchen and combination bathroom laundry. The apartment enjoys level independent access with a private entrance and outdoor area adjacent to the front door.
The building, circa 1890 is constructed of brick and sandstone and is a fine example of the Federation Queen Anne style. The name Raasay is so called after the island of the same name off the coast of Scotland which has been etched in sandstone on the western façade.
The interiors have been re-wired with separate meters and the roof and guttering are in excellent condition. There are some really nice features of the era including high ceilings, timber floors, panelled doors and double hung sash windows.
The property represents an excellent investment opportunity returning $420 per week with tenants in situ until July this year.
There is great potential to add value given the interior floor plan indicating a sizeable space at 89m2. It is worth exploring the possibility of reconfiguring the existing second living room to create a second bedroom.
Raasay is beautifully situated at the Davey Street end of Wentworth St. It is a prime central location within an easy stroll/cycle to the CBD along the scenic Hobart Rivulet. Battery Point, the waterfront and Sandy Bay are also walking distance.
South Hobart has a lovely community feel enhanced by a great energy along the village strip of cafes, shops and local businesses on Macquarie Street.
Council Rates: $2,300.00 per annum (approx.)
Water Rates: $1,000.00 per annum (approx.)
Body Corporate: $2,000.00 per annum (approx.)
Disclaimer: Every effort has been made to ensure the accuracy of the information contained here in. While there is no reason to doubt it's accuracy, guarantee can not be assured. The content is intended as advice and such as can not be taken as absolute fact. Accordingly all interested parties should make their own enquiries to verify this information.
Property ID: #L22172630
