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Knight Frank - Launceston

1974 Main Road Lilydale, TAS 7268

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1974 Main Road,
Lilydale, TAS 7268

Shop & Retail

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By offer

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Knight Frank - Launceston
David Webster

Knight Frank - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
0419 516 6...
Knight Frank - Launceston
1974 Main Road
Lilydale, TAS 7268

Map of 1974 Main Road

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A "two-fold' investment opportunity.

Situated within the town of Lilydale approximately 20 minutes from Launceston, this "packaged' investment property can provide two income streams for the Investor.
In two parts, the property incorporates a currently leased retail food business, together with a separate, three bedroom residential dwelling.
The current lease to the food retailer, generates a gross income of $32,136 per annum.
The residential component, very recently renovated, is estimated to rent at approximately $400 per week., thereby creating a combined gross income approaching $53,000 per annum.
After statutory outgoings, the estimated nett rent approaches $48,200 per annum.

Lilydale is a vibrant township, with community support features such as IGA Supermarket; Primary School; Service Station; Tavern and more.
The property is dominant in the Main Street and the food retail is long-time established.

Given the huge demand for residential rentals, it is very likely there will be little difficulty in securing a tenant for the residence.
Sale is "by offers over $650,000".

Property ID: 504021899Last Updated: 21 May 2022

Knight Frank - Launceston
54 Cameron Street
LAUNCESTON, TAS 7250
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