109 George Street, Launceston
Prime Investment Opportunity at 109 George Street, Launceston CBD
Apartment
For Sale
Inspection Times
Property Information
- Land area approx 109sqm
- Floor area approx 236sqm
Property Features
- Toilets 2
- Open Spaces 1
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Nestled in the vibrant heart of Launceston's bustling CBD, 109 George Street presents a versatile freehold investment with both residential and commercial appeal.
Upstairs Residential Unit:
Layout: 2 bedrooms with a light-filled, spacious living area overlooking George Street.
Access: Convenient entry via Earl Street.
Features: Recently updated kitchen, offering modern convenience.
Tenancy: Leased until February 2025 with a secure rental income of $350 per week.
Downstairs Commercial Shopfront:
Status: Currently vacant and ready for occupancy.
Layout: Expansive shopfront with an internal storeroom, rear access to a lockable storeroom, private toilet, and a secure onsite car space.
Potential: Estimated rental return of approximately $25,000 per annum + outgoings.
Location: Prime spot within a thriving retail precinct surrounded by established businesses, ensuring excellent exposure and foot traffic.
Why Invest in 109 George Street?
Dual-income streams with a secure residential tenancy and the potential for lucrative commercial leasing.
Prime CBD location with high visibility and foot traffic.
Flexible opportunities for investors or owner-occupiers looking to maximize returns.
This is your chance to own a standout property in one of Launceston's most sought-after areas. Don't wait-contact us today to schedule a viewing and explore the potential of 109 George Street!
Location and Amenities
Nearby Government Schools
Launceston College, East Launceston Primary School, Launceston Big Picture School, Newstead College, West Launceston Primary School, Invermay Primary School, Glen Dhu Primary School & Trevallyn Primary SchoolNearby Private Schools
Launceston Church Grammar School - Junior Campus, Tamar Valley Steiner School, Scotch Oakburn College - Elphin Campus, Sacred Heart Catholic School, John Calvin School, The Launceston Preparatory School, St Thomas More's Catholic School & Newstead Christian SchoolContact Wayne Riethoff & Bec Gardner for more information.
Information