Where else can you secure two fully self-contained CBD apartments on one title for just $460,000-already leased and producing an immediate income?
Positioned high on Level 3 of Central Apartments, 303/16 Paterson Street offers a rare dual-key investment comprising a spacious one-bedroom apartment plus a completely separate hotel-style studio.
Both apartments feature their own kitchen facilities, private bathroom and comfortable living accommodation, creating two distinct income-producing spaces within one exceptionally versatile property.
Currently operating as serviced accommodation under a lease extending until 2027, the property offers investors immediate income without the usual day-to-day demands of managing tenants, cleaning, bookings or individual vacancies.
With an approximate gross annual income of $34,513 and an approximate net annual income of $23,443, this is an opportunity where the figures-and the value-deserve serious attention.
The Investment at a Glance
• Two fully self-contained apartments on one title
• Spacious one-bedroom apartment plus separate studio
• Asking price of just $460,000
• Approximate gross annual income: $34,513
• Approximate net annual income: $23,443
• Approximate gross yield: 7.50%
• Approximate net yield: 5.10%
• Serviced apartment lease currently in place until 2027
• Established income from the day of settlement
• No day-to-day tenant or booking management
• Elevated Level 3 position with sweeping Launceston views
• Secure complex with lift and stair access
• Outstanding walk-everywhere CBD location
The generous main apartment includes a separate bedroom, open-plan kitchen and dining area, built-in laundry facilities, excellent storage and a bathroom with shower over bath.
The adjoining studio provides its own private bathroom and kitchenette, making it ideal for short-stay serviced accommodation.
Step outside and Launceston's cafés, restaurants, shopping, entertainment and business precinct are all within easy walking distance.
For investors seeking immediate income, two accommodation spaces and genuine CBD value, this property is difficult to overlook.
Two apartments. Two income-producing spaces. One title-and one very compelling price.
Contact Terri Reynolds today to arrange an inspection.
