2 / 4 Ellerslie Road, Battery Point

Located on sought-after Ellerslie Road in Battery Point, this top-floor 1950s apartment offers a rare chance to secure a high-performing asset in one of Hobart's most tightly held suburbs. With panoramic views across the city and water, this one-bedroom unit is part of an exclusive complex of just six-ensuring long-term demand and solid capital growth potential.

Key Investment Highlights:

• Strong Rental Income: Currently leased at $500 per week until November 2025, delivering a gross yield of 5.2%.

• Low Outgoings: Approximate annual expenses-Council Rates: $2,080 | Water: $800 | Body Corporate: Approx. $1022

• Secure, Long-Term Tenancy: Reliable tenant in place, ideal for investors seeking immediate and stable cash flow.

• Future Growth Potential: Premium Battery Point location offers excellent prospects for capital appreciation and future rental increases.

• Short-Term Rental Potential: STR appraisal available on request-ideal for maximizing returns in a high-tourism area.

Property Features That Drive Tenant Appeal:

• Light-filled living room with stunning views over Hobart and the Derwent River

• Spacious bedroom with built-in robes

• Functional kitchen with ample storage

• Well-maintained bathroom with shower-over-bath layout

• Secure 23 sqm ground-level storage room-rare at this price point

• Off-street parking for one vehicle

• Access to shared laundry, garden, and clothesline

Unbeatable Location:

Situated just moments from Salamanca Place, Battery Point Village, Hobart's CBD, and the waterfront precinct, this property is positioned in an area of consistently high rental demand-making it an ideal choice for both seasoned investors and SMSF buyers.