115 George Street Launceston TAS 7250
- 313 m²
- For Sale, $875,000 excl GST
Enjoy the cash flow plus scope to live centrally
Rarely does a central character Terrace as neat as this come to the market in Launceston. Featuring a spacious external balcony including the absolute bonus of two on-site secure undercover car parks off Earl St.
The first floor has only recently been painted throughout including new carpet to the open plan living-dining, the balance polished floorboards.
Numerous other features include:
. New ground floor Commercial lease at $18,000 Net Pa plus a further $9,000 pa income from an additional rear tenancy.
. The refurbished first floor currently operating as active short to medium stay accommodation with potential income set to exceed $40,000 year 1.
. Scope to live centrally with minimal management.
. An end character Terrace with a leafy green setting to the south.
This is a set and forget investment possibly one for the superfund until retirement or simply consider living on-site and enjoy central city life only a short distance from one of Launcestons trendy and popular café strips.
Contact the agent Marcus Douglas
|Floor Area||313 m²|
|Land Area||160 m²|
|Parking||On site parking available|
|Annual Return||Ask Agent|
|Last updated||12 Jun 2019|