1/25 Richardson Avenue

Secure Block of 6 units | Current Rental Return: $650 per week | Low Maintenance Investment Sophistication and history intertwine in this exquisite Art Deco inspired residence. With its roots tracing back to the 1940s, the thoughtfully designed complex captures the nostalgia of a golden age while offering every modern luxury, ensuring zero capital expenditure is required for tenant readiness. Positioned in the tightly held, high-demand suburb of Dynnyrne, this secure complex of 6 apartments represents the ultimate "set and forget" addition to a wealth portfolio.

Offering exceptional asset stability, and a reliable $650 per week return, this low-maintenance asset delivers immediate, reliable cash flow from day one alongside exceptional potential for long-term capital growth. Upon arrival at the quiet cul-de-sac, the grandeur of the complex is immediately apparent, where secure entry through double doors framed by mirrored panels sets a premium tone for tenants and investors alike.Inside, the living spaces are adorned with timber-look panelling and an open, sun-drenched layout.

The stylish kitchen is a culinary delight, with quality appliances, and a cleverly designed adjustable-height floating bench creates remarkable versatility for dining or entertaining. This home bathes in natural light through expansive double-glazed windows, offering breathtaking vistas of the Tasman Bridge, Wrest Point Casino, and the River Derwent stretching towards the Eastern Shore. A superb curved feature window from the main living also offering a prime position to indulge in these views over Hobart.

Light-filled bedrooms enjoy afternoon sunshine and are fitted with built-in robes, while the master retreat indulges with a generous, newly renovated ensuite. Double-glazed European tilt-and-turn windows provide exceptional insulation and quiet, while a reverse-cycle heat pump and airlock entrance ensure optimal interior temperature control year-round, significantly reducing ongoing maintenance and energy consumption. Outdoor living spaces further elevate the property's competitive edge in the rental market providing a private patio in addition to a communal rooftop terrace offering unparalleled panoramic views of kunanyi/Mount Wellington, Hobart, and beyond.

Practicality meets style throughout the layout, featuring a thoughtfully designed home office neatly integrated with a European-style laundry, alongside the added tenant convenience of off-street parking for one vehicle. Just moments from Hobart's CBD, boutique shops, and excellent public transport, and with UTAS within easy reach, this property boasts an incredibly low vacancy risk. Investors can easily tap into the premium long-term rental market. Call Melody to book your private inspection Added 31 January, 2025 Property ID: #L32412808 Show More