Situated in one of East Launceston's most sought-after streets, this unique property offers an outstanding investment opportunity with flexible living and income options.
Currently configured as two separate apartments, the property includes a 2-bedroom, 1-bathroom apartment - leased at $440 per week until March 2026, and a 1-bedroom, 1-bathroom apartment - leased at $330 per week until May 2026.
With a combined rental return of $770 per week and secure leases already in place, investors can enjoy immediate income with strong returns in a consistently high-demand area.
The east-facing deck provides a lovely outdoor space to relax or entertain, offering stunning mountain views that enhance the appeal for both residents and tenants.
Set on a low maintenance 511m² block, the property also features off-street parking, ample storage, and the potential to convert back into a single residence or explore further development opportunities (STCA).
Perfectly positioned just a short walk to St George's Square, local cafés, the Launceston Aquatic Centre, East Launceston Primary School, and only minutes to the CBD, this location is highly sought-after by tenants and owners alike.
