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Sold on 27 Feb 2020

83 York Street Launceston TAS 7250

  • Shop & Retail
  • 77 m²
  • Sold

A "well groomed" investment starter.



Situated nearly next door to Launceston's iconic retailer Allgoods and fronting very busy York Street, this very presentable and affordable investment property is "ripe" as an addition to a well balanced investment portfolio.
Fully leased to a vibrant Hair Salon / Beauty parlour, on a three (3) year term (plus further option term), which commenced September 2019, the property illustrates as a likely, low-maintenance, "set and forget" investment, returning better than bank interest.

Current rental income of $18,200 per annum, increases annually based on CPI. The Lessee also pays all outgoings (Council rates; Taswater; Land Tax and Body-corp fees), thereby enhancing the financial returns to the Investor.
In the prevailing low interest rates environment, property investing is proving lucrative.

Invest at "offers over $265,000"

Property Highlights

Property ID2016079661
Date Sold27 Feb 2020
Floor Area77 m²
Land Area77 m²
ParkingAsk Agent
Category
Last updated  27 Feb 2020
Map for 83 York Street Launceston TAS 7250
Map for 83 York Street Launceston TAS 725083 York 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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Knight Frank Launceston
54 Cameron Street Launceston TAS 7250

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