139-141 St John Street, Launceston TAS 7250

Offers Over $1.8 Million

5 beds

4 baths

11 parking

Brilliant Commercial & Residential Freehold Opportunity - Launceston CBD

139 St John St, in the heart of the Central Business District of Launceston represents a wonderful opportunity to purchase a key freehold property that has no less than FIVE income streams.
It is comprised of:
- Shop 1, street frontage exclusive gymnasium
- Shop 2, street frontage, cake shop
- Three bedroom main residence above the shops
- Two bedroom cottage at rear of property
- Eleven (11) car parks

Built in the early 1900s, it plays a significant role in early Launceston architecture. Position is crucial in any freehold real estate sale. You will have plenty traffic going passed both by foot and vehicle.

The key areas of the shopping malls and the big national brand shops are all a stones throw away as is Princess square which attracts so many lunch time city workers walking right past your doors. The two shops have an outstanding occupancy record.

The main residence comes fully furnished with many outstanding period items. A detailed inventory is available. It has three massive bedrooms a modern kitchen featuring stone bench tops and a large dining and living space. It is highlighted by a huge sunroom and has its own private elevator.

The Cottage is a very comfortable 2 bedroom abode and like the main residence, is highly sort after, given its inner city location. The laneway has an automatic roller door plus gates ensuring privacy and safety is guaranteed.
We have 11 car parks to add yet another income stream and a waiting list of potential lessees as they become available.

Launceston with its nationally acclaimed The Gorge, Seaport and of course UTAS Stadium, which already caters for several AFL games each year and will increase that number with the introduction of the new Tassie Devils AFL team, continues to become a destination city for mainland people, whether it be in the private or business sector.

Property Details

• Type: Townhouse
• Bedrooms: 5
• Bathrooms: 4
• Toilets: 4
• Other Parking: 11
• Tenancy: Vacant