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Elders Real Estate - Launceston

1974 Main Road Lilydale, TAS 7268

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1974 Main Road,
Lilydale, TAS 7268

Shops & Retail

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Elders Real Estate - Launceston
David Webster

Elders Real Estate - Launceston

54 Cameron Street
LAUNCESTON, TAS 7250
04195166...
Elders Real Estate - Launceston
1974 Main Road
Lilydale, TAS 7268

Map of 1974 Main Road

Directions

A "two-fold' investment opportunity.

Situated within the town of Lilydale approximately 20 minutes from Launceston, this "packaged' investment property provides 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.
Current gross income from the combination, is approximately $52,000 per annum.
The retail Lease runs until October 2025 and has further option terms. The residential agreement is a standard 12 months and commenced June 2022

The rental cash-flow represents approx 7.5% return, which still far exceeds Bank returns

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.

Sale is "by negotiation".

Property ID: 504021899Last Updated: 30 Apr 2024

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