16 St Georges Terrace Battery Point TAS 7004, Australia
If the walls of heritage-listed “Edgehill” could talk, not only would they speak of this haven’s rich history, but they’d reveal that this celebration of Georgian and Victorian architecture is a rare find. Brought to life by a local mariner in the 1860s and epitomising the character of Battery Point, today this remarkable property promises enticing residential or investment potential.
The options – just like its views and location – make it extraordinary. Move into the double-storey terrace, graced by high ceilings, original fireplaces, gleaming hardwood floorboards and bay windows, while renting out the remaining four self-contained apartments. It’s a savvy way to pay off your mortgage while enjoying life in one of the finest examples of Victorian Italianate architecture.
Alternatively, use the terrace or “Sweet Pea” (a delightful studio apartment) as your private escape from the mainland. So, when you’re not marvelling at the snow-capped peak of magical kunanyi (Mount Wellington) or savouring vistas of the River Derwent, Sandy Bay Marina or city of Hobart, you can capitalise on the Airbnb potential. Estimated projections show a possible $85,000 return for the terrace and $65,000 for the studio per year.
Investors should take note too. Battery Point is Hobart’s most historic suburb, and its capital growth prospects are as substantial as “Edgehill’s” entire 399m2 footprint. A central and charming blue-chip location, these self-contained apartments are well-presented and continuously tenanted, conveying a healthy yield of $119,600 p.a. (approx.).
Nestled within a picturesque and peaceful setting, there’s a magic to life here you just won’t find elsewhere. It’s strolling the gas-lit streets at night, stopping for an Italian feast at Da Angelo’s Restaurant or a refreshing fireside drink at the Shipwrights Arms Hotel. During the day, satisfy your sweet tooth with a freshly baked treat from Jackman & McRoss, or if you’re in the mood for nature, Errol Flynn Reserve and Short Beach provide a scenic escape. Salamanca Place is another firm favourite of locals, bustling with boutiques, eateries, galleries and more, while on Saturdays, it hosts the famed Salamanca Markets. Best of all, everything is within walking distance, so you can opt in or out of the action as you please.
“Edgehill” is a remarkable place to celebrate the past, rediscover joy and revel in its future potential. For more information or to start the conversation on how this could change your life, please contact Rod Force on 0418 531 837 or [email protected] today.
OFFERS ARE INVITED IN THE RANGE OF $2.7M TO $3M, WITH A CLOSING DATE OF 8TH DECEMBER 2023 AT 4PM. THE VENDOR RESERVES THE RIGHT TO ACCEPT ANY OFFER PRIOR TO THE CLOSING DATE.
Property Specifications:
• “Edgehill” – a substantial heritage-listed haven rich with history and rare potential
• Comprises five self-contained apartments with stunning river, mountain or city views, set on a 570m2 block
• Multiple options to explore, including living in the two-storey terrace house and offsetting your mortgage by renting out the remaining four apartments
• Airbnb short-term rental options for Edgehill terrace and Sweet Pea studio, with potential to earn $85,000 and $65,000 p.a. respectively
• Prime investment opportunity – convenient, blue-chip suburb with substantial capital growth prospects
• Never without a tenant, and potential to yield $119,600 p.a. by renting out all five apartments
• Edgehill terrace regarded as one of the finest examples of Victorian Italianate architecture, enriched with high ceilings, original fireplaces, gleaming hardwood floorboards and beautiful bay windows
• Large workshop/hobby space and storage under the terrace – could be developed for additional accommodation (STCA)
• Outdoor amenities include 2 verandahs, 1 balcony, 1 deck, 1 paved outdoor living area
• Designated on-site parking for five cars
• All apartments well-presented and maintained, some with renovations
• “Walk everywhere” lifestyle, offering easy access to restaurants, cafes, cosy pubs, parks, beaches and vibrant Salamanca Place.
