Mahere Papa
Situated in the sought-after suburb of New Town, this low-maintenance block of three units offers an excellent opportunity for investors to secure a brilliant property in a fantastic location with strong rental returns and plenty of upside to further increase value.
- Current rental yield of approx. 5.2% with scope to increase
- Each Unit has one bedroom, bathroom, kitchen and lounge dining area
- One unit with updated kitchen with fresh paint and new appliances
- Internal laundry and access to a shared clothesline
- Conveniently located near Lenah Valley, North Hobart, Hobart CBD, schools, cafes, restaurants, and a 1 minute drive to Calvary Hospital
Council Rates: $3,720pa approx.
Water Rates: $3,000pa approx.
Current weekly rental : $1100 (2 x $380pw 1 x $340pw and looks after the gardens)
Short Term Rental Appraisal can be provided upon request.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.40 km | 2 | 1 | 93m2 | 2025 02 04 | - | Council approved | |
 | 0.10 km | 3 | 1 | 110m2 | 2024 12 19 | $820,000 | Council approved | |
 | 0.40 km | 4 | 2 | 158m2 | 2024 12 15 | $970,000 | Council approved | |
 | 0.43 km | 2 | 1 | 77m2 | 2024 11 12 | - | Council approved | |
 | 0.35 km | 3 | 1 | 113m2 | 2024 10 22 | - | Council approved |