Two Incomes Under One Roof Producing $1050 Per Week

This ultra-expansive Mediterranean style home has an approved strata in place which effectively means once finalised, which the current owner is happy to complete, this property is then saleable as two entities.

Currently, the upstairs area is well-let at 750 per/week whilst the current owners are prepared to sign a lease at $300 per/week for the downstairs unit.

This home is constructed of double brick with concrete slab floors on both levels and boasts a total area, including garaging, of almost 400m2 and in my opinion replacement cost with construction to this standard excluding the land value would in total surpass the asking price.

The upstairs area consists of four bedrooms including the expansive master, complete with walk-in robe and ensuite. There is a second bathroom, separate laundry, expansive living areas plus well-equipped kitchen with the pièce de résistance a 70m2 covered outdoor entertainment area. There is also a north-facing front balcony from which expansive panoramic views including the Derwent Estuary can be enjoyed.

The extensive downstairs tenancy is cur ...