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Commercial & Residential Investment Combination - Histori...

LATROBE TAS, 7307

For Sale

Property for Sale in LATROBE TAS, 7307

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  • Colin Rowlands
Listing ID:
11373934
Status:
Active
For:
Sale
Price:
$445,000
Last Updated:
02/02/2020
Icon building

Property Type

Retail
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Land Area

873 SQM
Icon size

Floor Area

394 SQM
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Parking

0

Commercial & Residential Investment Combination - Historic Latrobe!

Halliwell Property Agents are pleased to bring this well-maintained, historic property to the sale market, built in 1879 and listed on the Tasmanian Heritage Register.

The building is neat and tidy throughout, with a tenanted commercial area at ground floor level facing Gilbert Street, trading as a new and used furniture/goods dealer. The first floor features a 4-bedroom residence which continues to the rear at ground level, with an additional, separate self-contained single bedroom building. The residence is in good condition and benefits from it's sunny, northern-facing aspect. The residential area is tenanted by the operator of the commercial space and well looked after by the tenant.

Both the commercial and residential components of the property have new 3 year leases in place, with options.

The property owner pays rates and land tax (totaling approx $2,200 annually), with the tenant paying all water accounts each quarter.

The listing price represents a 5% and 7% gross return on the residential and commercial leases respectively, with the premises likely to suit those seeking a long term investment.

Listed at $445,000.

Please contact Colin Rowlands at Halliwell Property Agents with all enquiries or to schedule an inspection.

For more details, please email agent

Halliwell Property Agents

17 Best Street, Devonport, TAS 7310

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  • Colin Rowlands

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