As instructed by The Crown, we offer For Sale by Auction, all that property known as “City Villas” at 132 Elizabeth Street Launceston.

Zoned “Commercial” under the Launceston Planning Scheme 1996, the property has previously operated as a Budget Motel, and more recently as Student Accomodation.
Brick construction and over two levels the property comprises of thirteen (13) self contained accommodation suites plus Laundry Room and Ancilliary services.

Plentiful “courtyard” parking is provided which is accessed via security gates as is the total complex.

A monitored security system is in situ; each suite is equipped with smoke detectors.

Surrounding commercial activity includes – Hotels; Drive through Liquor outlets; Professional Offices; Service Business and Retail.

Area of the land holding is 799m2 (approx) and the property is well exposed to passing traffic plus has direct access to the major thoroughfares of Wellington and Bathurst Streets.

Subject to statutory approvals “City Villas” presents as affording many future uses, such as (but not limited to) Budget Accomodation; Backpackers; Business Premises; Education Centre.

Your inspection may help you decide.

Auction – Wednesday 14th April 2010 at 1:00pm On-site
(GST is applicable)

Enquiries to David Webster 0419 516 629