12 Hull Street, Glenorchy, TAS 7010

For the first time in nearly two and a half decades, 12 Hull Street presents an incredible opportunity for astute investors looking to expand or begin their investment portfolio. With the potential for seven income streams, the property currently returns approximately 6.8% gross.

Set on a flat 1,563m? allotment, the property features four dwellings:

- The original three-bedroom house

- A three-bedroom upstairs unit, spanning the entire top level, offering water glimpses and stunning mountain views

- A two-bedroom unit

- A one-bedroom unit

Each dwelling comprises one bathroom and one carport, with Units 1, 2, and 3's carports offering lockable storage areas. All dwellings are currently tenanted.

Additionally, the property boasts two garages - one single garage and one double garage as well as another large lockable storage area accessed via roller door. The double garage features a toilet within. Each has the potential to be leased individually, with the double garage currently leased, totalling five current income streams with potential for more.

Outdoors there is plenty of room to move, with hedges at the front providing shade and privacy to grassed area and further around the back is a sunny courtyard with a shared BBQ area for occupants use.

Situated in an Inner Residential Zone, the expansive block may potentially offer possibilities for further opportunities for development, such as the construction of additional units (STCA).

12 Hull Street is in a prime location, just a short walk from Northgate Shopping Centre, which offers two supermarkets and various specialty stores. Nearby are other major retailers like Bunnings, Spotlight, Anaconda, and popular spots like Red Square Cafe. Glenorchy provides ample amenities including schools, health centres, cinemas, fruit and vegetable market, sporting grounds, MyState Arena and nearby waterside walks and bushland trails. Public transport is within walking distance and Hobart is approximately a 15-minute drive.

Don't miss this extraordinary investment opportunity. Register your interest today!

Inspections by appointment only.

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.

All timeframes and dimensions are approximates only.