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115 George Street Launceston TAS 7250

  • Retail
  • Floor Size313 m²
  • PriceFor 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

Property Highlights

Property ID2015342713
Floor Area313 m²
Land Area160 m²
ParkingOn site parking available
Annual ReturnAsk Agent
Last updated  12 Jun 2019
Map for 115 George Street Launceston TAS 7250
Shepherd & Heap Estate Agents
49 Cameron Street Launceston TAS 7250

Ask Marcus Douglas about this property

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