98-100 Penquite Road, Newstead TAS 7250

Rarely does an investment opportunity like this outstanding, high quality, low maintenance property come along!

This exceptionally located home is a one minute stroll to Scotch Oakburn College, Newstead cafes and shopping a short walk and Launceston City Centre a very short drive away.

The property currently has 2 secured tenants on the lower level in luxurious, high quality 2 bedroom, 2 bathroom units. Each have their own private deck and return $900 per week between them. Upstairs also has a tenant in place and returns $470 per week. Upstairs featuring 2 bedrooms, a lovely bathroom and an entertainer's kitchen which flows to the open plan living/dining space and on to a massive deck. The perfect spot for entertaining friends and family or simply relaxing with your morning coffee whilst soaking up those superb mountain views.

The total return is currently $1370 per week!

Each dwelling enjoys a single lock up garage with the master unit also having a workshop space as well as a lock up garage. Combined with an easy care garden and sitting regally on 1075m2 (approx) of land with established fruit trees. There is also additional space for parking a caravan, trailer or boat.

With no expense spared on the renovations/conversion this all adds up to money in the bank!

Don't delay! Call Craig or Iris for more details today!




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

In line with Australian Property Institute and World Health Organisation recommendation, we have put in place several measures to protect the health and safety of our staff, clients, customers and community.


If you would like to view one of our properties currently for rent or for sale, you are required to observe the following guidelines.


If you are the subject of a quarantine order by a health authority or a self-isolation/self-quarantine scenario, we ask that you book your appointment for a date that is at least an additional two days after your required quarantine period ends.

If you are experiencing cold or ‘flu symptoms, please delay your property inspection until you are well.

On property inspections, please DO NOT TOUCH ANYTHING inside the home, particularly benches, and cupboard, door and drawer handles.