26 Wellington Street, George Town TAS 7253

| 4 separate titles | no body corporate? check tenure | solar helps but $490/week gross is low | 9 beds across 750sqm suggests deferred maintenance risk This property is a bundled collection of four dwellings priced as one, which is both the opportunity and the trap. You are not buying a single house, you are buying the management burden of multiple tenancies with a combined gross yield that, at $490 per week, sits well below market expectations for multi-unit stock in George Town. The risk is not the building—it is the income split. Each unit must be tenanted continuously to justify the holding cost. The solar and NBN are supporting infrastructure, but they do not lift the fundamental equation: this is a long-hold play for an investor who can absorb vacancy periods across four leases or is willing to sell off individual units to unlock separate capital. What is competitively rare here is the opportunity to acquire multiple rental titles on one parcel, which gives the buyer future optionality—either to operate as a steady cashflow block or to stratify and sell individually once the market turns. The lack of bushfire or flood overlays is a genuine plus for insurance costs. This property serves best an experienced investor with a five-year horizon and a tolerance for hands-on management. If you are looking for passive income or a single dwelling, this is not a fit. The next step is to inspect the units for tenancy quality and request body corporate records if they exist, because the tenure structure will determine whether this is a bargain or a burden.