FOR SALE Best Offer Over $649,000

This is the first time the property has been offered to the market since it was built and consists of a spacious family home plus a large 144m2 warehouse, presenting a rare investment opportunity in the heart of Prospect shopping precinct. There are multiple possibilities here:
1. Live in the home and rent out the warehouse which is currently returning $11,000pa but no fixed lease so opportunity to increase rent
2. use the warehouse yourself and continue to rent out the home at $450pw
3. Live in the home and run your own business as it is zoned local business, or
4. Invest and rent out the entire property which is currently producing approximately $700pw in rental income and an Annual ROI of approx $36,000.
Features include:
• 4 bedroom, 2 bathroom home
• 144m2 warehouse with office/kitchen and toilet
• Off street parking for approx 8 vehicles
• Undercover outdoor entertaining area
• Two story section of house that could be used as a home office, accommodation for extended family or teenage retreat with separate entry
• Two spacious living areas
• Updated bathroom and laundry
• High raked ceilings with exposed beams
• Established gardens enhance privacy
• Wood heater in lounge and electric panels heaters in bedrooms for warmth in winter
• Plenty of grassed space for kids and pets to play in the enclosed backyard
• Zoning is Local Business in Launceston City Council
• Easy walk to the IGA, local businesses, and numerous cafes & schools

Home and warehouse are producing $700pw approx. in rental income
Current Annual ROI: $36,000 approx (both house & warehouse)
Council rates: $2,300 pa approx.
Water rates: $1,000 pa approx.
Building size: 159m2 approx. (House) 144m2 approx. (Warehouse)
Land size: 1,734m2 approx.


Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Tania Clarke

Contact agent

Tania Clarke

0400943244

Ananda & Kate

Contact agent

Ananda & Kate

03 6343 1329

0488448071

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SUMMARY

  • 4
  • 2
  • 1
  • ID 6425706
  • Price Best Offer Over $649,000
  • Property Type House
  • Land Size 1785 m2

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