This unique property is magnificently positioned only a short stroll to Launceston’s city centre. Situated on approximately 1107m2 of lovely, low maintenance extensively terraced gardens with natural stone walls, paved courtyards and paths, automatic watering system and beautiful established flowering shrubs and trees providing a private tranquil setting.

Built in 1925, then in 1950 accommodated by the elderly ladies of the Presbyterian church until the late 1970′s. Today this extensive home consists of 5 separate residences providing an annual income of $60,320.00 per year.

The main house offers 3 bedrooms, 2 bathrooms, study, 2 living areas and dining, currently tenanted at $400.00 per week.
2A is a large 2 bedroom residence at $210.00 (potential to increase to $250.00/$270.00 per week).
2B – 2 bedroom unit at $200.00 per week.
2C – 1 bedroom unit at $160.00 per week.
2D – 1 bedroom unit at $165.00 per week.

The potential is enormous to either open up the main house to accommodate the largest of families and maintain an income with the 3 lower level units, keep as 5 current tenancies, or enjoy the home as it once was intended as an outstanding substantial property.
Other features include extensive storage areas underneath providing a studio, workshop and wine cellar, 2 large entertaining decks overlooking Launceston’s city, single garage and 3 off street parking bays. This is the perfect inner city location with fantastic opportunities.