63-65 Elphin Road, Launceston TAS 7250

This low risk residential property offers the opportunity for growth and potential to change the building in the future (STCA), with consistent rent return from each unit.

Positioned on the prestigious Elphin Road, this charming property offers access off Dowling Street to a 12 vehicle carpark and rear access to the units. Featuring 4 x 1 bedroom units and a 1 x 2 bedroom unit, refurbish in recent years with two of the units fully furnished and included with the sale.

Set on arguably Launceston's most sought after street, amongst professional offices, stunning residences and homesteads the location is second to none for convenience - 5 minute walk to Launceston CBD, schools, private hospitals, supermarkets and a bus route on the doorstep - it ticks all the boxes for any tenant.

For a detailed information pack on this lucrative investment opportunity contact Jeremy Wilkinson.

Information overview:
Built: 1920
House: 400m2 approx.
Land: 845m2 approx.
Rates: $4,920 P/A approx.
Water: $2,960 P/A approx.
Rents received:
- 63A - $250 P/W
- 63B - $210 P/W
- 65A - $240 P/W
- 65B - $210 P/W
- 65C - expected rent $210 P/W