25 Hill Street, Launceston TAS 7250

An exciting and rare opportunity to secure a multiple residency investment property just minutes from Launceston's CBD.

A captivating property, CARINYA, represents an astute investment in a location where lifestyle complements impressive rental returns.

The property is configured as five one-bedroom apartments and a two-bedroom apartment spread over 3 levels. Rental income is currently $50,700pa with an occupancy rate of nearly 100% over the past 10 years. The apartments have remained fully tenanted throughout COVID with no rental reductions due to the pandemic.

All six apartments are generously sized with welcoming living/meals areas, practical kitchens and neat bathrooms. Four of the apartments have expansive views of the city.

Allocated carports and a lock-up garage further enhance CARINYA's investment profile.

If desired, there is also the opportunity to convert the property to an imposing family residence (STCA).

Ideally positioned close to Arbour Park, West Launceston Primary School, Cataract Gorge Reserve, the River Tamar and the city centre.

Don't miss the opportunity to capture CARINYA and create a great future.