171 Wellington Street, Launceston TAS 7250

Introducing Dunorlan Terrace located at 171 Wellington Street, Launceston. Here is an exciting opportunity for investors to secure a property with a strong rental yield and amazing capital growth potential. On the one title but with 2 apartments, this property currently generates a rental return of $720 a week with long term leases in place.

Ideally positioned a flat, easy 8-minute walk to the Launceston General Hospital or 1-minute drive. These apartments always attract tenancies from medical professionals and a wide demographic looking for the convenience of an inner-city rental. The 1900 brick build has 2-one bedroom apartments that come fully furnished in the sale. 171a is the ground level apartment that has a charming feel with gorgeous timber flooring throughout, plenty of storage, updated kitchen and parking spot at the rear of the property. 171b is the upper-level apartment with rear court-yard and loft area for extra storage and space. A stroll across the road to a Coles supermarket, walking distance to Launceston's CBD and close to all amenities and public transport, this is a smart investment.

Built: 1900
Building Size: 158m2
Land Size: 160m2
Council Rates: Approx. $2,700 per year
Water Rates: Approx. $1700 per year
Current rent: $720 per week
171a - $360 per week. Lease end - 6/12/2022
171b - $360 per week. Lease end - 10/4/2023
Body Corporate - $2000 per year (Building insurance included)

***Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations.