271-273 Charles Street, Launceston TAS 7250

Want a safe place to invest in these uncertain times? Bank your money on 271-273 Charles Street, a blue-chip property with multiple income streams. This heritage listed property is located 50 metres from the Launceston General Hospital. Considered the Paris end of town, there are numerous outdoor cafes and restaurants on your doorstep.

- Three separate units, two of which are fully furnished
- All three dwellings have a separate entrance
- Opportunity for lucrative short-term accommodation, close The Launceston General Hospital
- Alternative opportunity for three separate long-term set and forget rental properties close to the CBD
- Low maintenance shared garden requires minimal upkeep
- The property lends itself to doctor’s rooms, offices or even a cafe (STCA)!
- Live in one of the upstairs units and run your own business downstairs or convert this lovely historic property back into a grand home!

This property boasts an enviable location, flexible development opportunities and a strong rental return. An inspection is highly recommended.

Land size: 290m2 approx.
Building sizes: Unit 1 – 85m2 approx. Unit 2 – 65m2 approx. Unit 3 – 55m2 approx.
Year built: 1901
Water rates: $600 p/q approx (all units occupied)
Council rates: $1,000 p/q approx
Rental estimate:
Unit 1 unfurnished $350 – $365 per week approx. Furnished $500 per week approx.
Unit 2 unfurnished $260 – $290 per week approx. Furnished $390 per week approx.
Unit 3 unfurnished $240 – $250 per week approx. Furnished $340 per week approx.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations