1 Lytton Street, Invermay TAS 7248

Situated in Invermay this property will not last long. With the upcoming move of the UTAS campus to Inveresk the purchase of property in Invermay is perhaps the smartest financial decision you can make. All within walking distance to the city centre, the current and new University campuses this property is a delight to inspect and will be the ideal investment opportunity in a blue chip location.

The property is low maintenance and boast an expected rental return of 7.6% with 4/5 apartments currently let.

Unit 1 - 1 bed, 1 bath rented at $144pw until 12/2018

Unit 2 - 1 bed, 1 bath rented at $144pw until 12/2018

Unit 3 - 1 bed, 1 bath rented at $136pw until 02/2018

Unit 4 - 2/3 bed, 1 bath expected rent of $250pw

Unit 5 - 1 bed, 1 bath rented at $116pw until 09/2019

Land Size: 622m2 (approx) Building Size: 443m2 (approx) Year Built: 1900 Local Council: City of Launceston