Perfectly positioned within a few minute's-walk to The Australian Maritime College, the Mowbray Shopping Precinct and 10 minutes from the CBD, this 7 room Townhouse delivers awesome value for the investor.
This property is fully tenanted with a 21-year history of excellent occupancy and great returns. Now is your opportunity to either manage the property yourself or continue to have it managed and reap the rewards.
Highly regarded as primarily Maritime College mature student accommodation, as the college continues to expand and plans for the UTAS Campus will provide even more demand, this purpose-built property will continue to be sought-after.
Currently providing an 8.3% to 8.8% gross return (based on a gross income of $52,664.33), you can enjoy the substantial return and potential capital growth with a strategy underway to further increase your return.
Offering 3 bedrooms, 1 bathroom downstairs and 3 bedrooms, 1 bathroom upstairs, this property is for sale with most of the chattels including beds, desks, chairs, white goods, couches, tables, and most kitchen appliances, crockery, cutlery and cooking essentials.
This is basically a walk-in, walk-out opportunity.
A large heatpump is ducted throughout the property and the sunny aspect adds to the overall attraction of this well-built townhouse.
A table of all costs vs income is available upon request together with all tenancy agreements.
If you are a savvy investor looking to expand your portfolio, this is a no-brainer. Please enquire now for a personal inspection.

Disclaimer:
One Agency Launceston has obtained the information on this property from what we believe are reliable sources and have no reason to doubt its accuracy however we cannot guarantee its exactness. Prospective purchasers are advised to execute their own enquiries.