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A "well groomed" investment starter.

83 York Street, LAUNCESTON TAS, 7250

Sold

Property Sold in 83 York Street, LAUNCESTON TAS, 7250

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250

Listing ID:
11376780
Status:
Sold
Price:
Offers over $265,000
Last Updated:
29/02/2020
Icon building

Property Type

Retail
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Land Area

77 SQM
Icon size

Floor Area

77 SQM
Icon parking

Parking

N/A

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"

For more details, please email agent

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250


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