3 Wentworth Street,
South Hobart, TAS
’Raasay’ Federation Queen Anne investment propertyBeautifully situated in Wentworth Street (Davey Street end) "Raasay", a substantial two-storey residence of brick and sandstone, with 7 bedrooms, immediately commands attention. Currently configured as 4 spacious self-contained apartments, the lovely name of the property originates in Scotland and has been etched decoratively in sandstone high up on the street facade. Raasay is an island between the Isle of Skye and the mainland.
The house was constructed circa 1890, the interiors are very generously proportioned spanning approximately 438 sqm with 2 apartments on each level comprising a 1x3 bedroom and 1x1 bedroom on the ground floor, in addition to a 1x2 bedroom and 1x1 bedroom on the upper level.
Each apartment enjoys their own private entrance and expansive living areas. Reliable tenants insitu, leases expiring in February/March 2019.
The architectural style of this period suggests fine detailing and some of these features are still evident throughout...such as high ceilings, timber double hung sashes, architraves, mantlepieces and panelled doors with finger plates. Projecting bay windows, multi-panel top light window frames and a round accent window. Asymmetrical roof lines, tall chimneys and warm faced red brickwork with deep sandstone footings make for great street appeal!
There are lovely views of Mount Wellington and filtered river views just visible through mature trees in neighbouring gardens and the delightful historical roof scape of South Hobart. The orientation is superb ... north-west ensuring all day sun.
The is a prime location, firstly a South Hobart address is a real draw card in itself! On the cusp of Sandy Bay and within walking distance of West Hobart and the city fringe, the sense of community is well documented. A vibrant village strip dotted with cafes, a gourmet food store and essential services attracts locals and visitors alike for the atmosphere and selection of eateries on offer.
The Hobart Rivulet walking/cycling track has been beautified and provides a safe, scenic direct link to the city fringe in one direction or explore Cascade Gardens towards the mountain for leisurely strolls.
UTAS’ Sandy Bay campus is nearby and a choice of schools in the vicinity.
There is just enough garden for interest, a carport and off-street parking for 3 cars.
The opportunity to secure "Raasay" is not to be missed, since the current owners have enjoyed this property for just over 30 years, a sound investment indeed with huge potential to add value.
Options include the possibility of a stratum title for each of the apartments perhaps with an alternative configuration...or restore and return the property to a single impressive residence...a grand inner-city townhouse!