18 Olive Street, Newstead TAS 7250

Offers Over $999,000

6 beds

3 baths

3 parking

Three Income Streams. One Title. Elite Newstead Position.

Positioned in one of Newstead's most sought-after streets, this is a genuine scale investment - three well-configured townhouses on a single 916sqm title, delivering immediate income with long-term upside.

Each of the three two-storey residences offers a consistent and proven layout, featuring two bedrooms upstairs, 1.5 bathrooms, dedicated carport parking, and private courtyards. Designed for functionality and tenant appeal, the configuration supports strong, stable occupancy across all dwellings.

What sets this asset apart is its simplicity and efficiency. With no strata in place, the property is held on one title - meaning a single set of council rates and land tax, streamlined management, and full control over the asset both now and into the future.

From an investment perspective, this is the type of holding that works on multiple levels:
• Immediate return from three established income streams
• Operational simplicity with one title ownership
• Future value-add potential through cosmetic uplift, rental optimisation, or exploration of strata subdivision (STCA)
• Landholding strength with a substantial 916sqm footprint in a tightly held blue-chip suburb

The location only strengthens the case.

Set within walking distance to the Newstead Shopping Centre (Coles), local cafés, services, and everyday essentials, the property sits in a highly liveable, tenant-favoured pocket. It is surrounded by some of Launceston's leading schools, including Scotch Oakburn College, and is just minutes from the Launceston CBD, making it equally appealing to long-term tenants and future owner-occupiers.
Access to public transport, medical facilities, and lifestyle destinations it further reinforces the strength of this position.

For investors, this is a rare combination - scale, location, and flexibility - in a market where assets of this nature are increasingly hard to secure.

Property Details

• Type: BlockOfUnits
• Bedrooms: 6
• Bathrooms: 3
• Toilets: 3
• Carport Spaces: 3
• Land Area: 916 m² (approx)
• Tenancy: Vacant

Features

• Air Conditioning
• Broadband
• Built-In Robes
• Courtyard
• Shed

• Other features: Car Parking - Surface, Close to Schools, Close to Shops, Close to Transport