Units 1, 2 & 3/37 Bishops Drive, Newnham TAS 7248

A rare chance to own an entire complex of three co-joined two-bedroom units on individual titles - with no body corporate or strata obligations to other owners. This rare set-and-forget asset delivers a strong rental yield above 6% with tenants already in place. Each low-maintenance brick unit offers a galley kitchen, generous living, built-in storage, bathroom with laundry facilities, separate toilet, reverse cycle air conditioning and a sunny backyard plus its own carport.

Set on a flat block just minutes from Mowbray's shops and services, close to TAFE, the University, the Maritime College and only ten minutes from Launceston's CBD.

Three titles, three tenants - this solid brick investment delivers immediate returns without strata headaches in a sought-after rental location.

Key Features:
• Unique investment opportunity (3 co-joined units on individual titles)
• Tenants in place - set and forget
• Three low maintenance brick two-bedroom units
• No body corporate fees or strata corporations to worry about (one owner)
• Galley kitchens, dining areas and generous size living rooms
• Two double bedrooms in each, all with built in storage
• Bathrooms incorporate the laundry facilities & offer a bath
• Convenience of separate toilets
• Reverse cycle air conditioning in each
• Flat, easy care block - each has a sunny backyard
• Carport assigned to each unit
• Just 6 minutes' drive to shops, supermarkets, eateries & services in Mowbray
• Close to TAFE College, University, Aust Maritime College and all city conveniences
• Only 10 Minutes to Launceston's CBD

Jeremy Wilkinson's Launceston's most recommended agent - happy to chat whenever you're ready.

Rental return:
Unit 1 - $360 Lease end 12/6/2026
Unit 2 -$380 pw Lease end 11/2/2026
Unit 3 - $350 pw Lease end 24/9/2026
Unit sizes: 80 sqm each
Land size: Unit 1 - 209 sqm, Unit 2 - 149 sqm, Unit 3 - 214 sqm
Built: 1981
Council: Launceston
Council Zoning: General Residential

**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**