61-65 New Town Road

Located in the vibrant and ever-popular suburb of New Town, this unique property offers a rare chance to secure a property with three self-contained apartments and a four-room storage spaceall on one title. Whether you're looking for a strong investment, a multi-generational living solution, or a mixed-use opportunity, this versatile property delivers. The property is comprised of: A spacious three-bedroom, one-bathroom apartment, with bedrooms located upstairs for added privacy and separation from the living spaces. A comfortable one-bedroom, one-bathroom unit, ideal for long-term rental or short-stay accommodation. A functional bedsit, perfect as a low-maintenance rental, studio, or guest accommodation. Plus, a generous four-room storage area offering excellent flexibilityideal for storing business stock or personal belongings. Parking is no issue with multiple secure off-street parking spaces behind the property and a further 3 parking spaces at the front for ease of access. Situated in the heart of a bustling, well-established shopping precinct, the property is surrounded by popular cafés, boutique stores, supermarkets, and essential services. The location is a drawcard for tenants and future buyers alike, with top-rated schools, public transport, and Hobart's CBD just minutes away. There is also the opportunity to secure next door (59-59a New Town Road), which is home to a commercial space, currently functioning as the Quilt and Pillow factory and on the upper level a 3 bedroom, 2 bathroom apartment. Opportunities like this are raremulti-unit properties with additional storage in premium inner-city locations are highly sought after. With multiple income streams and excellent potential to further capitalise, this is an investment you won't want to miss. Property features · Three self-contained apartments on one title: Spacious 3-bedroom, 1-bathroom apartment (bedrooms upstairs) Comfortable 1-bedroom, 1-bathroom unit Low-maintenance bedsit · Versatile four-room storage area ideal for business use or extra storage · Multiple secure off-street parking spaces at the rear · Additional three front parking spaces for easy access · Prime location in the heart of New Town's busy shopping precinct · cafés, supermarkets, boutique stores, and essential services within walking distance · Close to quality schools and public transport options · Just minutes to Hobart's CBD · Excellent investment potential with multiple income streams · Rare opportunity in a tightly held, high-demand area Council rates: $2,700 pa approx Water rates: $3,117 pa approx Zoning: Inner residential Rental estimates: Unit 2: $460 pw approx Unit 3: $400 pw approx Unit 4: $350 pw approx Year built: 1900 Construction: Brick