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"Double-dip" inner-city investment

58 George Street, LAUNCESTON TAS, 7250

For Sale

Property for Sale in 58 George Street, LAUNCESTON TAS, 7250

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250

Listing ID:
11344203
Status:
Active
For:
Sale
Price:
Vendor will consider all offers
Last Updated:
06/08/2019
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Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

240 SQM
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Parking

1

"Double-dip" inner-city investment

58 George Street, Launceston, offers a double opportunity to create investment income, or to acquire a central property with a commercial / retail tenant and an apartment for inner-city living.

The two level property provides ground floor, street frontage retail of approximately 160 sqm, currently leased to Tasmania's iconic Waverley Woollen Mills, as its factory outlet. WWM has been in the property for some 13 years. Selling blankets, shawls, rugs and many other woollen products, WWM enjoys local and tourist trade. The retail is next door to Launceston's famous "Old Umbrella Shop", a heritage listed mecca for tourists and locals.

On the upper level, accessed via the rear "street", 58 George Street affords a superbly presented, two bedroom, fully furnished apartment, which the property owner runs casually as "Air B and B", at $149 per night double occupancy.

A bonus to the property is off-street parking for one car.

The property is set amongst restaurants and boutique shopping, and is only one block from the retail heart of Launceston, the Brisbane Street Mall.

An excellent opportunity to acquire a character, inner-city property, with flexible use options.

For more details, please email agent

Knight Frank Tasmania - Launceston

54 Cameron Street, Launceston, TAS 7250


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