‘Margate Hall’ is a solidly built, art deco brick residence comprising four spacious apartments. Desirably located on Marieville Esplanade opposite the Royal Yacht Club of Tasmania, one of the apartments is currently successfully let as an Airbnb, with the other three on longer-term leases. With the potential to strata title (STCA), this property is an outstanding investment opportunity.

Each apartment accommodates a generous living room and dining, kitchen, two bedrooms with built-in robes and a central bathroom. There is electric heating, three garages and a courtyard.

With original art deco features including leadlight windows and timber work displayed throughout, this building has immense potential to capitalise on the short-term rental market.

Close to the local cafes, restaurants and amenities of Sandy Bay and within easy reach of Salamanca and the CBD, this is an excellent chance to buy into this much sought after, yet tightly held locale.