98-100 Penquite Road, Newstead, TAS 7250

Rarely does an investment opportunity like this outstanding, high quality, low maintenance property come along!

This exceptionally located home is a one minute stroll to Scotch Oakburn College, Newstead cafes and shopping a short walk and Launceston City Centre a very short drive away.

The property currently has 2 secured tenants on the lower level in luxurious, high quality 2 bedroom, 2 bathroom units. Each have their own private deck and return $900 per week between them. Upstairs also has a tenant in place and returns $470 per week. Upstairs featuring 2 bedrooms, a lovely bathroom and an entertainer's kitchen which flows to the open plan living/dining space and on to a massive deck. The perfect spot for entertaining friends and family or simply relaxing with your morning coffee whilst soaking up those superb mountain views.

The total return is currently $1370 per week!

Each dwelling enjoys a single lock up garage with the master unit also having a workshop space as well as a lock up garage. Combined with an easy care garden and sitting regally on 1075m2 (approx) of land with established fruit trees. There is also additional space for parking a caravan, trailer or boat.

With no expense spared on the renovations/conversion this all adds up to money in the bank!

Don't delay! Call Craig for more details today!

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Disclaimer: This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. The author makes no claim as to the accuracy of the information within and does not intend it to be legally binding. All other responsibilities disclaimed.

Information contained herein on specific properties has been provided by the vendor, by the authorities, or by third party providers. It is subject to the final contract and interested parties must make their own separate enquiries to verify and ensure accuracy of the information herein.