NAI Harcourts offers to the market a rare opportunity to purchase a prime piece of real estate with a strongly performing business attached. The freehold of 96 Arthur Street Launceston is offered for sale by expressions of interest in conjunction with 96 on Arthur Serviced Apartments.

Set high on the hill, this 3 storey complex comprises 8 x 1 bedroom apartments currently operating as a managed accommodation business showing year on year growth and profitability. Located within walking distance to Launceston’s CBD, this piece of real estate alone represents excellent buying for capital growth potential and for a commercial investor could be strata titled or expanded (S.T.C.A).

Add to this a high performing serviced apartment accommodation business achieving continual growth and the possibilities are endless. Presented for sale on a ‘walk in, walk out’ basis the business could continue to be developed, run from a distance with a manager on site, or alternatively for passive incom