109 George Street, Launceston TAS 7250

Offers Over $799,000

2 beds

1 baths

1 parking

Prime Investment Opportunity at 109 George Street, Launceston CBD

Nestled in the vibrant heart of Launceston's bustling CBD, 109 George Street presents a versatile freehold investment with both residential and commercial appeal.

Upstairs Residential Unit:

Layout: 2 bedrooms with a light-filled, spacious living area overlooking George Street.
Access: Convenient entry via Earl Street.
Features: Recently updated kitchen, offering modern convenience.
Tenancy: Leased until February 2025 with a secure rental income of $350 per week.

Downstairs Commercial Shopfront:

Status: Currently vacant and ready for occupancy.
Layout: Expansive shopfront with an internal storeroom, rear access to a lockable storeroom, private toilet, and a secure onsite car space.
Potential: Estimated rental return of approximately $25,000 per annum + outgoings.
Location: Prime spot within a thriving retail precinct surrounded by established businesses, ensuring excellent exposure and foot traffic.
Why Invest in 109 George Street?

Dual-income streams with a secure residential tenancy and the potential for lucrative commercial leasing.
Prime CBD location with high visibility and foot traffic.
Flexible opportunities for investors or owner-occupiers looking to maximize returns.
This is your chance to own a standout property in one of Launceston's most sought-after areas. Don't wait-contact us today to schedule a viewing and explore the potential of 109 George Street!

Property Details

• Type: Apartment
• Bedrooms: 2
• Bathrooms: 1
• Toilets: 2
• Other Parking: 1
• Building Area: 236 m² (approx)
• Land Area: 109 m² (approx)