68-70 York Street, Launceston TAS 7250

SNAPSHOT:
* penthouse - 3 bed 2 bath residence
* second level - 3 separate apartments (successful short term stay business)
* ground level - commercial office space with separate street entrance and reception area
* car park - 26 bay car park
* over two titles opening this up for a super fund purchase and a residential purchase in the one premises.

Built in 1847, the award winning restoration of this iconic Launceston building is a credit to the owner. He has paid homage to her era as well as respect to her former custodians. It was never his property, it was all of theirs and now it is time to pass the baton onto the next person who will continue to honour Ashcroft's beautiful story. Her namesake was given to honour Jane and Elizabeth Ashcroft who owned the property in 1903. The sisters set up the property as a home for Launceston nurses enriching these walls with a sense of comradery and community.

As you walk through this heritage property you notice she showcases an array of beautiful timber's throughout courtesy of J&T Gunn from when Ashcroft housed the Tasmanian Timber Association for nearly 50 years.

On the top level you have 1 large residential home consisting of 3 enormous bedrooms, main with a walk in robe and an ensuite. A formal dining room , lounge area, a full quality kitchen and of course access to the gorgeous balcony over looking Launceston, the River and the Cataract Gorge.

The second level comprises of 3 separate apartments, all which has been a lucrative and successful short term accommodation business.

The bottom level is very flexible in use. It is currently being used as a two bedroom apartment as well as commercial offices with facilities provided. This could be easily converted back to one open commercial floor with a reception area, private access from York Street complete with free quarter hour parking right out the front making it perfect for customers or client to pop by.

The property has a carpark that offers 26 car spaces that are currently all rented! Carparks are an incredible source of passive income with little maintenance needed and little involvement needed.

Alternative the carpark offers an invaluable piece of land for further development (stca) and to pick up a piece of land in the middle of the Launceston CBD is quite honestly, a once in a lifetime opportunity.

The property is divided into two titles, offering the purchaser an opportunity to own the entire premises but under two different ownerships. Ideal for potentially a superfund purchase that you can also live in yourself!

Disclaimer:
One Agency Launceston has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective purchasers are advised to execute their own enquiries.