This property is a house on a lot in 123690 Launceston TAS. Estimated value at this time is $600,000. Built in 1925, with 4 bedrooms and 2 bathrooms.
1925 Period Home in Launceston's Best Street - 2 Separate Incomes, Awesome Views And Yield! Currently returning 7.68% yield with good solid bookings downstairs, plus a great tenant with a 12 months lease upstairs, makes this an ideal investment! The current owner who lives in Sydney, has pursued another interest in NSW and is reluctantly placing Lady Josephine or known as the cash cow on the market for an astute investor. This 1925 period home comes with all current planning council approvals, website and forward bookings for downstairs. Upstairs has a new 12 month lease under a licensed Property Manager. Both have their own entrances, power, outside alfresco entertaining areas and both have awesome views overlooking Launceston's CBD, Tamar River and mountains beyond. Both levels are offering your clients;A short picturesque walk to Launceston's CBD, loads of specialty shops, cafes, restaurants plus several of Launceston's iconic hot spots, like the famous Cataract Gorge with its scenic walkways, the Seaport and its award-winning restaurants, 'Penny Royal', several parks, the 'Silo' development with its new adventure park, Windmill Hill Aquatic Centre and the list goes on. Maybe if your clients also would just want to kick back and relax on those private decks and take in those gorgeous elevated Tamar Valley River views and enjoy some lovely Tasmanian wines or our craft beers, wow, it does not get any better than that!Apartment number one - upstairs;Two bedrooms, large lounge, full kitchen, sun room, bathroom, laundry, large entertaining deck with bi-fold doors, lovely views, plus ducted heating and cooling.Apartment number two downstairs;One bedroom, lounge, kitchenette, bathroom and outside paved entertaining area, again with views.Outside shed; 4m x 2.4m for owner's personal use.Options; Presently - Upstairs is under a 12 months lease and downstairs is rented out on-Air-BNB basis with good all year round bookings but can be changed to a lease. The top apartment can be altered to a visitor's accommodation as well, if you wish for a better income in the future.Endless possibilities for now and in the future!All inquiries to Peter.