310/1 Sandy Bay Road, Hobart, Tas 7000

The Mantra building on One Sandy Bay Road offers an incredible opportunity to astute and savvy investors looking for a linchpin property in the heart of Hobart. Experiencing strong and consistent bookings this apartment is on track for an estimated $26,000 net income - offering a very attractive near 6% return on current asking price.  Located opposite St Davids Park the apartment offers ease of access to the Hobart Waterfront, Salamanca, Hobart CBD and Hobart City bus depot allowing for quick access to any and all regions of Greater Hobart. A location that is considered ideal for tourists, interstate travellers and business people alike.

The apartment contains an open plan kitchen, dining and lounge space with stunning mural of the cityscape and Kunanyi (Mount Wellington) on the lounge wall. The bedroom space offers ample room for double or larger bed separated by partition wall. Bathroom is spacious containing shower, vanity, toilet and laundry connections, allowing opportunities for short and long term stay guest options. 

310/1 Sandy Bay Road has had all renovations completed in line with recommendations by the building management and so is considered one of the executive apartments. Thus, ensuring high priority is given to booking guests and keeping a strong return on investment with your new purchase. The apartment does offer further opportunity for permanent residence/live in subject to approval with council. 

Further information including financial statements are available upon request. If this sounds like the perfect property that you have been searching for, and you are ready to buy now, please contact Edwards Windsor today to arrange your private inspection.