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58 George Street, Launceston, Tas 7250

58 George Street, Launceston, Tas 7250

Retail

  • For Sale
  • Offers over $975,000
  • For Sale

  • Floor Area
  • 240 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Jun 20, 2019
  • Car Spaces
  • 1
  • Parking Comments
  • 1

Interested in this property? Contact an Agent today

Knight Frank - Launceston

54 Cameron Street

Launceston Tas 7250

David Webster, Knight Frank - Launceston
David Webster
Rodney Rawlings, Knight Frank - Launceston
Rodney Rawlings

"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

58 George Street, Launceston, Tas 7250

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