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Sold on 28 Sep 2019

58 George Street Launceston TAS 7250

  • Shop & Retail
  • 240 m²
  • Sold

"Double-dip" inner-city investment

58 George Street, Launceston, offers a double opportunity to create investment income, or to acquire a central property with a commercial / retail tenant and an apartment for inner-city living.

The two level property provides ground floor, street frontage retail of approximately 160 sqm, currently leased to Tasmania's iconic Waverley Woollen Mills, as its factory outlet. WWM has been in the property for some 13 years. Selling blankets, shawls, rugs and many other woollen products, WWM enjoys local and tourist trade. The retail is next door to Launceston's famous "Old Umbrella Shop", a heritage listed mecca for tourists and locals.

On the upper level, accessed via the rear "street", 58 George Street affords a superbly presented, two bedroom, fully furnished apartment, which the property owner runs casually as "Air B and B", at $149 per night double occupancy.

A bonus to the property is off-street parking for one car.

The property is set amongst restaurants and boutique shopping, and is only one block from the retail heart of Launceston, the Brisbane Street Mall.

An excellent opportunity to acquire a character, inner-city property, with flexible use options.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015212074
Date Sold28 Sep 2019
Floor Area240 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Category
Last updated  15 Oct 2019
Map for 58 George Street Launceston TAS 7250
Map for 58 George Street Launceston TAS 725058 George Street Launceston TAS 7250
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Inspections are still happening

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