145-147 Wellington Street, Launceston TAS 7250

This property presents a unique investment opportunity, in what is possibly one of the best locations in Launceston!

This Historic Art Deco Complex in the Heart of Launceston features a tenanted shop front with a return of over $50,000 pa,
The two apartments are upstairs, Unit 2 returning over $21,000pa and Unit 1 expectant to receive approximately $26,000pa currently owner occupied.
These units are exquisite and only a 5 minute walk the Launceston Mall
Plus, a short stay B&B which has returned over $7,000 per annum.
That's a potential $100,000 already! And that equates to around 6% rental yield return!
With heaps of parking and another potential income stream of multiple Garage/Workshop/ warehouses space at the rear of the property.
As an investor it just adds up! or choose to live in one apartment and reap the benefits of the guaranteed income.

Apartment 1 is a modern 2 bedroom, 1 bathroom apartment which also includes a study and an open plan living space, which leads out to your very own deck and through to an indoor pool area.
Apartment 2 is a stylishly presented, modern 2 bedroom, 1 bathroom apartment with an open plan living area. The property is fully furnished and currently receiving $420 per week in rent.

The studio is a compact fully furnished apartment and is the perfect bedsit. Currently utilised as an Air BNB there is the option to rent the property as a short or long term tenancy.

The shop front is currently tenanted as a retail store

There are also 3 warehouse spaces (possibly 4) behind a secure gate with adequate parking. One of the warehouses includes a bathroom, kitchenette and wood heating, with the remaining provide a blank canvas for the new owners. Currently utilised by the owner, who had plans to develop these spaces into more residential accommodation.