24 Connaught Cres, West Launceston TAS 7250

Suggested interest from $450,000

Are you a fan of ‘The Block'? Every dreamed of putting your renovation skills & imagination to the test and reaping the rewards? It's not often that an opportunity of a complete blank canvas like this come available in Launceston, so don't miss this one!

On offer is one of the most solid dwellings in town, located within minutes' walk of Launceston General Hospital. 24 Connaught Cres is currently divided into 4 flats and occupies 3 levels. These brilliantly basic units have up until recently be achieving a very modest combined rental income of $500 per week but the sky is the limit with some creative upgrades given the demand for this location.

The potential of the penthouse apartment will have you considering it for yourself - featuring 2 bedrooms with sweeping views, spacious lounge with open fireplace, separate dining and sunny kitchen.

Flats 2 & 3 occupy the middle level of the building and are a mirror image of each other. Both units offer kitchen, lounge room with open fireplace, 1 bedroom, walk through robe to a combined bathroom/laundry.

The 4th flat is located on ground level with rear access. Whilst this unit is not at the standard of the other 3 units, it does still offer kitchen, lounge room, 1 bedroom, bathroom and separate toilet. The property also offers 3 single concrete garages - 1 off Connaught Cres and 2 off Connaught Place.

24 Connaught Cres at a glance:
•Exceptional investment opportunity
•Blank canvas ‘Block' like renovation opportunity
•Solid double brick dwelling currently split into 4 flats
•Ready for a fresh lease on life and reap the rewards!
•2 bedroom penthouse apartment with sweeping views
•3 further x 1 bedroom flats
•3 concrete single garages
• 1 title - all flats metered separately