Unit 1/69 Giblin St, Lenah Valley TAS 7008, Australia
Right in the heart of Lenah Valley is three units under the one construction/title. Unit A – $360/week, Unit B – $390/week and Unit C – $350/week. Yes, that is correct – a total of $1100/week return! That is a return of 4.8% (approx.). Each unit has separate electrical metres. Rates are $2400 and water is $1000/year approx.
Where are you at with your investment portfolio? This is sure to exceed the return which could possibly create income or investment options – you decide! This is a sensational return on a superb property in a high-growth area – definitely an investment worth engaging. With the rental demand being so high in Hobart and these units being in an affordable price range for many, you would highly likely keep them continually occupied.
Or another alternative, convert this property into the original family residence (STCA).
You could not possibly go wrong with this property – great and central location (only a few minutes from the Hobart CBD), walking distance to the Lenah Valley hub, Calvary Hospital and a bus route to town.
