Approx. 6.3% Estimated Gross Return – Sandy Bay Studio

With an estimated gross rental return of $19, 000 per annum, this waterfront studio is a great place to park some of your hard earned investment funds. Located in the exclusive Maning Reef complex, your tenant would also have access to delightful common areas including a resort style lobby, and riverside picnic tables taking in some of the most outstanding water views in Hobart.

There are plenty of renters seeking affordable accommodation so close to Long Beach, Sandy Bay, UTAS and the centre of Hobart. The studio unit has water glimpses from the modern, compact kitchen, polished concrete floors and a concealed ‘pull down’ style bed making this 31sqm studio an attractive prospect for investors or those wanting a city ‘bolt-hole’ for regular visits to Hobart. The common laundry on the ground floor is available to residents with coin operated washing machines for added convenience.

Features:
* Polished concrete floors
* Space saving fold out bed
* Storage locker for bulky items such as golf clubs
* Modern compact kitchen with water glimpses
* Built in desk with bar stools perfect for meals on the go or a handy workspace
* Sale includes mattress, sofa, bar fridge and microwave
* Well maintained complex with buoyant sinking fund

• Water Rates: Approx. $867.60 p.a.
• Council Rates: Approx. $1,188.51 p.a.
• Body Corporate: Approx. $1,972.70 p.a.
• Rental Appraisal: $375 per week