Situated in a prime, central location and ripe for renovation, this block of 5 Art Deco period units could be just the project you are looking for. With a little TLC and foresight this multi-tenancy property could easily be returned to its glory days. Offering four larger one-bedroom apartments, one smaller apartment while enjoying a North-facing position there is so much on offer. Five off-street parking spaces along with two accesses to each apartment (via an internal staircase), the floorplan provides enormous flexibility for future development. Purpose-built, on a larger 774m2 block, with a history of secure, long-term tenancies and a possibility of strata-titling (STCA) this property is an opportunity for an individual, an SMSF or Consortium investment. Arguably one of Launceston’s best streets and within a short stroll to the CBD this is an opportunity not to miss.

Property Code: 352