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22-26 Lambert Street Ravenswood, TAS 7250

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22-26 Lambert Street Ravenswood, TAS 7250

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Sold Price

$1,000,000

Land area

2004.0m²

Floor area

714.0m²

Sold on

27 Feb 2019

10 Unit Block

This is an outstanding opportunity for the savy investor or developer. A block of ten self-contained apartments, all two bedroom / one bathroom that have enjoyed full occupancy from long term tenants. Positioned on a large 2004m2 block with one undercover car space allocated per apartment. Currently rented below perceived market value and as such there is opportunity to increase existing rental return. Potential to strata title or possibly re-develop for University accommodation for the proposed UTAS development located 3km away (STCA).

-Rare opportunity to purchase 10 units in one line

-Land: 2004m2

-Building: 714m2

-Annual Rental: $93,600 p.a.

-Development opportunity

For more information please contact Andy Howell of NAI Harcourts North. 'Commercial Real Estate Services, Worldwide.'

Property ID: 502969066Last Updated: 3 Apr 2019

0409 *** ***
22-26 Lambert Street
Ravenswood, TAS 7250

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NAI Harcourts North - Launceston

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NAI Harcourts North - Launceston

114 George Street
LAUNCESTON, TAS 7250
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Karen Magnotta
NAI Harcourts North - Launceston
22-26 Lambert Street Ravenswood, TAS 7250

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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