This solidly built brick and concrete property has been successfully operating as Aberdeen Court Motel for over 40 years but could just as easily be transitioned to a permanent let apartment block or strata development opportunity.

Showing a healthy gross turnover of well over $400,000 and average net profit of $195,000 for the '17, 18 & '19 fiscal years the property has a long history as a strong income producer - acquire now to be well positioned to take advantage of Tasmania's strong tourism rebuild and nation leading economy.

• Expansive 3,500m2 land area with over 1,500m2 building area
• Strata development opportunity upside
• Extremely solid brick and concrete construction
• 20 two bed and 8 studio apartments
• All self contained and offered fully furnished
• 28 car parking spaces with room for more
• 'General Residential' zoning overlay

Absolutely outstanding opportunity to secure this expansive offering with immense upside priced at just $66,000 per apartment in Launceston's popular and growing southern suburbs.

For further details contact Blake