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Prop-GPT: 'Property: TAS Newnham, TAS 7248 Tasmania 7248'

Property for Sale: Newnham, TAS 7248, TAS, 7248

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For Sale: Property for Sale: Newnham, TAS 7248, TAS, 7248

2 bedrooms, 1 bathroom, 1 parking, 80 floor area | Units 1, 2 & 3/37 Bishops Drive, NEWNHAM, TAS 7248.

400895022

Tasmania 7248

Best Offer Over $895,000

Type: Property

Floor (sqm): 80

Land (sqm): 572

Bedrooms: 2 Prop-GPT: Bedrooms Bathrooms: 1 Prop-GPT: Bathrooms Car parking spaces: 1 Prop-GPT: Car parking spaces

Own the Whole Complex

A rare chance to own an entire complex of three co-joined two-bedroom units on individual titles - with no body corporate or strata obligations to other owners. This rare set-and-forget asset delivers a strong rental yield above 6% with tenants already in place. Each low-maintenance brick unit offers a galley kitchen, generous living, built-in storage, bathroom with laundry facilities, separate toilet, reverse cycle air conditioning and a sunny backyard plus its own carport.

Set on a flat block just minutes from Mowbray's shops and services, close to TAFE, the University, the Maritime College and only ten minutes from Launceston's CBD.

Three titles, three tenants - this solid brick investment delivers immediate returns without strata headaches in a sought-after rental location.

Key Features:

Unique investment opportunity (3 co-joined units on individual titles)

Tenants in place - set and forget

Three low maintenance brick two-bedroom units

No body corporate fees or strata corporations to worry about (one owner)

Galley kitchens, dining areas and generous size living rooms

Two double bedrooms in each, all with built in storage

Bathrooms incorporate the laundry facilities & offer a bath

Convenience of separate toilets

Reverse cycle air conditioning in each

Flat, easy care block - each has a sunny backyard

Carport assigned to each unit

Just 6 minutes' drive to shops, supermarkets, eateries & services in Mowbray

Close to TAFE College, University, Aust Maritime College and all city conveniences

Only 10 Minutes to Launceston's CBD

Jeremy Wilkinson's Launceston's most recommended agent - happy to chat whenever you're ready.

Rental return:

Unit 1 - $360 Lease end 12/6/2026

Unit 2 -$380 pw Lease end 11/2/2026

Unit 3 - $350 pw Lease end 24/9/2026

Unit sizes: 80 sqm each

Land size: Unit 1 - 209 sqm, Unit 2 - 149 sqm, Unit 3 - 214 sqm

Built: 1981

Council: Launceston

Council Zoning: General Residential

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**

Added 22 August, 2025
Property ID: #L15066919

Address

Units 1, 2 & 3/37 Bishops Drive, NEWNHAM, TAS 7248 7248

Newnham, TAS 7248, TAS

Jeremy Wilkinson

400895022

WhatsApp
Email: jeremy.wilkinson@harcourtslaunceston.com.au

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