1/8 Charles Street, South Launceston, Tas 7249

Positioned just moments from Launceston General Hospital and within easy walking distance of the CBD, this well located ground floor co joined unit presents an appealing opportunity for investors and those looking to secure a low maintenance property for the future.

Offering two bedrooms, one bathroom and off street parking for one vehicle, the home sits on a flat block and also enjoys a small private courtyard at the rear, providing a simple outdoor space without the upkeep of a larger property.

For investors, the property comes with the added benefit of an exceptional long term tenancy. The current tenant has called the property home for an impressive 25 years, providing a remarkable history of occupancy and consistency. The property is currently leased at $340 per week, with the opportunity to review the rental return at the conclusion of the current tenancy period. The current market rental estimate indicates there is scope for an increase.

The location is a key feature, with Launceston General Hospital approximately 100 metres away and the CBD around a 10 minute walk, placing medical services, shops, cafes, restaurants and everyday amenities within easy reach.

Property highlights

Two bedrooms

One bathroom

Off street parking for one vehicle

Ground floor co joined unit

Flat block

Small rear courtyard

No body corporate fees

Long term tenant of 25 years

Current rent of $340 per week

Scope to review rental return at the end of the current rental period

Approximately 100 metres to Launceston General Hospital

Approximately 10 minute walk to Launceston CBD

Whether you're an investor seeking a property in a highly accessible location close to the hospital and CBD, or someone looking to secure a future downsizer now while retaining the benefit of a current rental income, this property offers flexibility for both strategies.

Low maintenance, conveniently positioned and backed by an exceptional 25 year tenancy history, this is a property that offers both immediate investment appeal and long term lifestyle potential.

*Viewing is by appointment only and requires 48 hours' notice.

DISCLAIMER: The information above is provided by The Agency as general guidance only. Although we take care to keep it accurate, we do not guarantee that it is complete or reliable. Prospective purchasers should make their own enquiries and verify all details independently. The Agency accepts no responsibility for any errors, omissions or inaccurate statements.