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.
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase Price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
Find out your loan options
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