Mahere Papa
New to the market is this tightly held investment property, which could be a fantastic opportunity for anyone looking to invest in one of Launceston's most prestigious suburbs. This home has been divided into 5 apartments yet still on one title.
This property, named The Strawberry Patch once had a rich history as being a local tea room.
The property boasts plenty of character features such as large rooms, intricate wood working , high ceilings, and several of the units have stunning views of the river.
The property shows a strong history as having a very good rental income and at full capacity brings in the total of $1357 per week, with the potential or getting closer to $1500 per week (approx) if each unit is adjusted to market rent.
The roof has been recently replaced and unit one will have new carpets and a paint throughout before being re-let.
Short videos of each unit are available to interested parties.
For any other information, please call Peter Lees Real Estate today.
*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Boundary lines are indicative only.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.57 km | 3 | 1 | -m2 | 2025 01 19 | - | Council approved | |
 | 0.36 km | 4 | 2 | 185m2 | 2025 01 12 | $755,000 | Council approved | |
 | 0.62 km | 4 | 2 | 192m2 | 2025 01 04 | $650,000 | Council approved | |
 | 0.45 km | 2 | 1 | 77m2 | 2024 10 24 | $505,000 | Council approved | |
 | 0.53 km | 3 | 2 | -m2 | 2024 10 18 | $855,000 | Council approved |