Unit 3, 83 York Street,
Launceston, TAS 7250
Shops & Retail
Key property information
Land area
Floor area
Tenure type
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Elders Real Estate - Launceston
54 Cameron StreetLAUNCESTON, TAS 7250
Unit 3, 83 York Street
Launceston, TAS 7250
Map of Unit 3, 83 York Street
A "well groomed" investment starter.
Situated nearly next door to Launceston's iconic retailer Allgoods and fronting very busy York Street, this very presentable and affordable investment property is "ripe" as an addition to a well balanced investment portfolio.
Fully leased to a vibrant Hair Salon / Beauty parlour, on a three (3) year term (plus further option term), which commenced September 2019, the property illustrates as a likely, low-maintenance, "set and forget" investment, returning better than bank interest.
Current rental income of $18,200 per annum, increases annually based on CPI. The Lessee also pays all outgoings (Council rates; Taswater; Land Tax and Body-corp fees), thereby enhancing the financial returns to the Investor.
In the prevailing low interest rates environment, property investing is proving lucrative.
Invest at "offers over $265,000"
Fully leased to a vibrant Hair Salon / Beauty parlour, on a three (3) year term (plus further option term), which commenced September 2019, the property illustrates as a likely, low-maintenance, "set and forget" investment, returning better than bank interest.
Current rental income of $18,200 per annum, increases annually based on CPI. The Lessee also pays all outgoings (Council rates; Taswater; Land Tax and Body-corp fees), thereby enhancing the financial returns to the Investor.
In the prevailing low interest rates environment, property investing is proving lucrative.
Invest at "offers over $265,000"
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
Elders Real Estate - Launceston 54 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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Unit, 5/61 Cameron Street,Launceston, TAS 7250 362 m²Shops & Retail • Offices • Hotel, Motel & Leisure
