Unit 1-2/52 Westbury Road, Launceston TAS 7250

Looking to invest?

Here is a solid investment opportunity right on the fringe of Launceston! This 1960s brick house is separated into 2 x 2 bedroom units - 1 upstairs and 1 downstairs. Currently fully leased at a gross rent of $350 per week, with plenty of potential to improve and refurbish over time to effectively increase the rents accordingly. The location is ideal with public transport, schools, shops, hospital and much more all located within minutes.

A lot has been written about the buoyant state of our sales market and the same can be said about the property rental market. The key takeaway from this discussion is the extremely low vacancy rate in Launceston meaning as a current landlord or intending landlord you are virtually guaranteed of fulltime occupancy of your rental property.

1&2/52 Westbury Rd at a glance:
• 2 Bedroom unit upstairs
• 2 Bedroom unit downstairs
• Plenty of scope for further rental improvement
• Convenient location to schools, hospital and CBD
• Very solid rental history
• Unit 1 rented at $170pw until Jan 2022
• Unit 2 rented at $180pw until July 2021
• Rates: Approx $1,500pa
• Water: Approx $1,000pa plus usage

Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.