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97D Elizabeth Street Launceston, TAS 7250

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97D Elizabeth Street,
Launceston, TAS 7250

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One for the Investor $50,200 Net Return Pa - UNDER OFFER

Fresh to market with an expected quick sell is this very neat and freshly painted two storey freehold property boasting plenty of exciting up side. It comes with its own off street parking for up to 7 vehicles, it enjoys the income from the two separate apartments above that are consistently rented and only recently have had new kitchens installed and paint throughout, both have their own external rear access. Additional works include all new external guttering. An added bonus is the further income generated from a leased on site sign. It boasts approx. 210m2 of Ground floor space currently occupied by the owner who is willing to stay on with his Orthotic Shoe business and sign a fresh new 5 + 5 Year lease with a total annual Net Return of $50,200. The property certainly has high profile being exposed to passing traffic movements of up to 34,000 + vehicles per day. For upstairs tenants and custom it is only walking distance to the CBD, Dan Murphys, the new Woolworths Supermarket, Restaurants, the Gorge, Parks and work if necessary.

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Launceston, 7250 demographic data

The median household income for Launceston is $1,439, 17% higher than Regional Tasmania's household income of $1,225. Launceston has a younger age profile compared to the rest of Regional Tasmania (median age 41 vs 45). Property ownership data shows 34% of property owners in Launceston have a mortgage.

3,110
Population
$1,439 per week
Median household income
41 years
Median age
Renters
Most residents
Families
Most households
04298208...
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97D Elizabeth Street
Launceston, TAS 7250

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