A unique opportunity exists to purchase this substantial property situated in one of Launceston’s most prominent locations. Built in 1925 then later occupied by the Presbyterian church in the 1950′s when further extensions were made to accommodate the elderly ladies until the late 1970′s. Today this magnificent home comprises of 5 separate residences all currently tenanted. The main residence consists of 3 bedrooms, 2 bathrooms, 2 living areas and a study at $375 per week. 2A is a large 2 bedroom residence at $190 per week with the potential to be approximately $250 per week.
2B – 2 bedroom unit at $200 per week.
2C – 1 bedroom unit at $160 per week.
2D – 1 bedroom unit at $165 per week. Providing a current annual income of $56,680.00 per year. Other features include extensive storage areas under providing a studio, workshop and wine cellar. Surrounded by 1107m2 of extensively terraced gardens with natural stone walls, paved courtyard and paths, watering system and beautiful established flowering shrubs and trees providing a tranquil setting for all to enjoy. With a single garage and 3 off street parking bays, 2 fabulous entertaining decks and magnificent city views it’s the perfect inner city location to reside and generate an income or purely as a terrific investment.