10 Bedroom House, 1 Barrack Street, Hobart TAS
$850,000+

Substantial Inner City Investment on Davey and Barrack!

Property Description
Wonderfully central and situated on the corner of Davey and Barrack Streets with St Michael's Collegiate School just across the road. The City centre and St David's park is a leisurely 5 minute stroll away. Salamanca place, Battery Point and the waterfront are in the vicinity.
Substantial and cleverly modified to provide rental accommodation for professional singles and couples, currently yielding approximately 9.2%, the property enjoys a flexible floor plan over 334m2 and is currently configured with 10 bedrooms, 3 bathrooms serviced by 2 kitchens.
There may well be potential to convert back to a private residence with perhaps an adjoining home office or consulting rooms. There are some lovely original features of the Georgian residence still intact a beautiful fanlight, high ceilings, timber balustrade on the staircase and flagstones on the verandah.
A high brick wall envelopes the house and provides welcome privacy when enjoying the lovely leafy garden and also serves as buffer and distraction from the passing traffic.
Valuable off street parking for 2 cars with additional storage shed.