Investment & Development Opportunity!

26 O’Brien Street, Glenorchy

The chance to develop or own affordable investments in any greater Hobart postcode is becoming increasingly hard. This property provides two unmatchable opportunities.

The first opportunity is for the developer. There is an option for the buyer who owns both units 1 & 2 / 26 O’Brien Street to develop a third unit at the rear (S.T.C.A.) Any astute developer should be acting as soon as possible. Here you will be able to see a weekly return on two separate dwellings whilst preparing to develop the vacant land at the back of Unit 2.

The second opportunity is to purchase 26 O’Brien Street and take advantage of the enticing yield, upgrade existing amenities and add even further value. With two excellent long term tenants in place with a return of $700 per week, and a yield of approximately 5.5% the story of 26 O’Brien Street will continue with the new owners to write a new, fresh and exciting chapter.

The two units are on separate titles and can be sold separately, however the development opportunity only exists with the purchaser if they own both properties.

Do not hesitate to make contact as this chance to purchase will not last. There is a lot to like for the opportunistic buyer, it just needs you to make it happen!

Please note the units are also offered for sale individually and there is further information on the units on their listing page of 1 & 2 / 26 O’Brien Street.

Text ’26Obrien Street to 0416 907 822 for additional information.

Finance?
Buying the perfect property requires the perfect loan so give Andrew a call today from Yellow Brick Road Wealth Management Hobart on (P) 0414 077 002 (E) hobart@ybr.com.au or head to www.ybr.com.au/hobart to check out what the team can do for you!