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Home For Sale

Asking Price (AUD): 599,000 — Contact Agent

Type: House

Bedrooms: 4 Prop-GPT: Bedrooms  Bathrooms: 2 Prop-GPT: Bathrooms  Car parking spaces: 2 Prop-GPT: Car parking spaces


Dual Occupancy Investment With Solid Return

Astute investors seeking immediate cash flow and long-term upside will find 5 & 5a West Street in South Launceston a compelling addition to their portfolio. Set on a single title in a tightly held inner-city precinct, this dual-dwelling offering presents a rare opportunity to acquire two income streams in one, without the complications of strata.

Comprising a character-filled three-bedroom home at the front and a separately metered, council-approved one-bedroom unit at the rear, the property currently delivers a combined rental return of $790 per week, translating to a yield which would be well above average for the area.

Key Features:
• Main residence tenanted at $490 p/w.
• 3 bedrooms, 1 bathroom.
• Rear residence tenanted at $300 p/w.
• 1 bedroom, 1 bathroom
• A one minute stroll to the LGH and five minutes into the CBD.

Opportunities to secure dual-income properties of this calibre in South Launceston are exceedingly rare. Whether you're a yield-focused investor or looking for a live-in-and-lease scenario, 5 & 5a West Street is a strategic acquisition in one of Tasmania's most resilient rental markets.

Contact Damien today to arrange your inspection.

*Ray White Launceston has no reason to doubt the accuracy of this information which has been obtained from sources considered to be reliable; however, we cannot guarantee it. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.

Address

5 West Street, South Launceston Tasmania 7249, Australia 7249

South Launceston, TAS 7249, TAS

Other Facilities/Amenities: http://raywhitelaunceston.com.au/L7781888





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