449 West Tamar Road, Riverside TAS 7250

A rare opportunity here to secure three homes in one purchase with a 6% yield and potential for at least 7% with new leases. This property consists of a substantial three bedroom home, a separate two bedroom unit at the rear and a recently refurbished one bedroom flat. This property will appeal to the savvy investors and those looking to house large or extended families.

Overview:
• A brick 1953 three bedroom home with a one bedroom flat under and a low maintenance cladded two bedroom separate unit at the rear.
• Excellent rental yield and potential for growth to 7% with three incomes
• Potential to live in one home and rent out the others, or multi use options eg office, studio, gym
• Total of 6 bedrooms, 3 bathrooms, 3 living across 273 sqm
• Fabulous water views from the house and rear unit
• Main house offers a lovely bay window in the lounge, secure garage with internal access
• Rear unit features raked ceilings, large living room & spacious deck with water views
• One bedroom unit has recently been refurbished with a brand new shower & new carpets
• Electric heating in each home
• Close to supermarkets, shops and quality private & public schools
• Close to tennis club, golf club, swimming pool & various community facilities
• Only 10 minutes' drive to Launceston's CBD

Contact Jeremy Wilkinson for further information.

Previous rental return: $695 pw (2 of the units are currently leased and will require at least 48 hours notice for inspections)
Rental estimate: $850 pw (based on the current market)
House size unit 3: 166 sqm
Unit size unit 1: 73 sqm
House size unit 2: 34 sqm
Land size: 1004 sqm
Built: 1953
Rates: $1750 pa
Council: West Tamar
Heritage listed: No

Best Offer Over $595,000

**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. All measurements are approximate**