Australia | Cooranbong

Offers Over $785,000

2/16 Ninabah Street, Howrah TAS,7018 Australia

# Location

Description

Mixed-Use Property Situated in a prime location in one of the most sough after surberbs in Howrah, is this fantastic property with 'mixed use' zoning for residential and business use with existing tenancies.

Acheiving a great income of $44,824 p.a, it would suit a buyer wanting to owner occupy in whole or part, or continue to lease out as an investment. The property has had significant improvements and has 3 on-site parking spaces plus a single car garage. Close to shops, schools and only 10K from the Hobart CBD, this is a great investement oppoturnity and is one not to miss out on!

• Rare investment opportunity, coveted 'mixed use' zoning

• Shop front accompanied by an attached 2 bedroom unit • Cleverly designed to segregate residential & business

• Recently renovated, new flooring & new double glazing • Currently tenanted, achieving gross rent of $44,824 pa

• Business premises leased at $462pw till April 2025 • Business rental increase 5% annually • Residential premises leased at $400pw unit November 2023 • Convert to single residence, restaurant or office (STCA) • Low maintenance, level block adjacent Eastwood Park • Single car garage plus three off street parking spaces • Popular family suburb only 10km from the Hobart CBD • 10 minutes short walk to Howrah Beach

Built: 1970 Construction: Brick Heating: Heat Pump Council Rates: Approx. $3782 pa Water Rates: Approx. $1000 pa + usage

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Location

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Joanna King

Agency Name

5 (14 Reviews)

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