Take flight in New Town, Jamin artwork a bonus

New Town’s Rose Court Apartments at No.292 Park St are for sale. Picture: Supplied

It’s impossible to walk past these Park St apartments without them catching the eye.

Hobart artist Jamin is well known for his work in galleries and on Tassie buildings like this one where he was commissioned to paint a whole flock of birds.

The expertly renovated 1940s property is currently operating as visitor accommodation, and presents a versatile investment opportunity in one of Hobart’s most convenient locations.

No.292 Park St, New Town.

No.292 Park St, New Town.

Petrusma Property sales manager and senior consultant, Mike Speakman, said the combination of classic architectural elements with modern upgrades provides a distinctive offering.

He said extensive renovations have transformed the building while preserving its period character.

“The Rose Court Apartments feature four apartments on a single title, with an impressive combination of historic character features and the best of modern luxury,” he said.

“It is a very unique property in a fantastic location.

“New Town is sought after as a place to live, and for investors, its provides very good rental returns.”

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No.292 Park St, New Town.

No.292 Park St, New Town.

Mr Speakman said since No.292 Park St hit the market, the majority of inquiries have come from investors.

“It’s likely that the buyer will be someone who recognises the quality of the building, the renovation and its rental potential. The apartments were built and developed with the potential to subdivide into separate titles in the future.”

Each self-contained apartment offers two bedrooms, one bathroom, and combined living, dining and kitchen areas.

The property features double glazing throughout, enhancing comfort and energy efficiency.

The layout includes two units upstairs and two downstairs, with each apartment boasting its own private outdoor entertaining area.

No.292 Park St, New Town.

No.292 Park St, New Town.

All necessary permits for visitor accommodation are in place, allowing for immediate income generation.

Flexibility remains a key selling point, with options to continue the current accommodation business, convert to long-term rentals, create a multi-generational family compound, or potentially subdivide, subject to council approval.

Artist Dr Jamin Kluss with his mural titled Poise at the Domain Tennis Centre. Picture: Chris Kidd

The property sits in a strategic position near the Hobart CBD and the popular North Hobart restaurant precinct.

It is near schools and public transport while offering the peaceful ambience of tree-lined streets.

The neighbouring North Hobart district delivers convenient access to cafes, restaurants and entertainment venues.

No.292 Park St, New Town is listed for sale with Petrusma Property, with “Offers invited”.

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