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Enjoy the cash flow plus scope to live centrally

115 George Street, LAUNCESTON TAS, 7250

Sold

Property Sold in 115 George Street, LAUNCESTON TAS, 7250

Listing ID:
11349882
Status:
Sold
Price:
SOLD
Last Updated:
15/07/2019
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Property Type

Retail
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Land Area

160 SQM
Icon size

Floor Area

313 SQM
Icon parking

Parking

0

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 recently refurbished first floor is now currently operating as active short to medium stay accommodation with potential gross income of between 30,000 - $40,000 plus Yr 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

For more details, please email agent

Shepherd & Heap

49 Cameron Street, Launceston, TAS 7250


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