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58 George Street
Launceston TAS 7250
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Sold on 13 Nov 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.

  Elders Real Estate Launceston
Elders Real Estate Launceston
54 Cameron Street
Launceston, TAS 7250

Property Highlights

Date Sold13 Nov 2019
Floor Area240 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2015212074
Category
Last updated  15 Oct 2019
Map for 58 George Street Launceston TAS 7250

Nearest transport* to 58 George Street Launceston TAS 7250

Bus
Stop T1, No.59 St John St (Opp. St Andrews Church)156 m
CITY TERMINUS NORTH160 m
Stop 1, No.57-59 Brisbane St162 m
Stop 1, No.42 Brisbane St175 m
Data source: Metro Tasmania Pty Ltd (Metro)
*Within a 4km radius
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  Elders Real Estate Launceston
Elders Real Estate Launceston
54 Cameron Street
Launceston, TAS 7250

Property Highlights

Date Sold13 Nov 2019
Floor Area240 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2015212074
Category
Last updated  15 Oct 2019

Co-Agents

David Webster
David Webster
Elders Real Estate Launceston
Call
0419 516 629
Rodney Rawlings
Rodney Rawlings
Elders Real Estate Launceston
Call
0419 323 626

More about 58 George Street Launceston TAS 7250

58 George Street Launceston TAS 7250 is categorized as Shop & Retail Property. It has a floor area of 240 m². There are 1 x onsite parkings.The listing ID for this property is 2015212074.

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