5/207 Churchill Avenue, Sandy Bay TAS 7005

Affordable apartment on the UTAS fringe!

Calling investors… rarely vacant, this one bedroom apartment has enjoyed almost 100 percent occupancy with the current long term tenants in situ until December 1st 2024 when the lease expires. A return of $760 per fortnight is being achieved.

Just one of six in the complex, this property represents sound investing at an affordable price point. Impressive natural light with lovely midday and afternoon sun streaming into the living space. There are river glimpses clearly visible from both the bedroom and bathroom and lovely vistas of Mount Wellington from the living room.
The interiors would benefit from a 'make-over' once the tenants have vacated, so some virtual styling has been employed to indicate further potential to enhance the property and add capital value.

The property comes fully furnished and features include a spacious bathroom/laundry combination, a built in wardrobe, a new hot water cylinder, dedicated off street parking (1 carport) and easy ramp access.

The location is ideal, set back from Churchill Avenue on a bus route and within walking distance to UTAS, The Hutchins School, leisure activities and the Hill Street Foodstore with adjacent cafe and medical centre. The waterfront is a mere short stroll away on Sandy Bay Road.

This is a really nice property to add to your portfolio so be decisive and secure some real estate in "blue ribbon" Sandy Bay.