Presenting as a superb investment opportunity, this property is right in the heart of Penguin
Such a high profile centrally located property with excellent frontage onto King Edward Street the former Penguin Infant School is prime real estate set over 2 acres.
This is a terrific location for any business looking to secure a location that provides excellent exposure in the Penguin CBD.
Surrounded by strong and established businesses including Penguin markets, hotels, restaurants, cafes’, newsagents, video store, butchers, supermarkets and more.
Presently part of the property has been converted into 5 apartments all with separate courtyards and scope for another 7 or more with minimal cost.
Boasting an undercover in-ground pool, sheds, storage areas, large hot house, shade houses and orchard with an abundance of fruit trees this secure property is conveniently located to Ulverstone, Devonport and Burnie.
Town water is connected to the property, however the entire water utilized is supplied by a bore which pumps out 2000 gallons per hour.

Zoned Residential providing wide range of uses limited only by your imagination including
Sub Division Development
Bed and Breakfast
Holiday Flats
Holiday Units
Serviced Apartments

Discretionary Use

Hostel or Motel
A unique package with so much potential.