404/16 Paterson Street, Launceston, TAS, 7250, Australia

Seize the chance to own a dual-key apartment in the heart of Launceston’s vibrant CBD, situated within a historically significant building. This unique property combines flexibility and income potential, offering the perfect blend of modern city living and financial opportunity. Whether you’re looking for an urban retreat, an investment with high rental yield, or both, this property delivers.

Property Overview
Nestled on Paterson Street, this fourth-floor apartment boasts stunning views of Launceston’s city lights. The dual-key design offers two separate tenancies, allowing you to live in one unit while renting out the other or enter the serviced apartment market for maximum returns.
• Main Apartment: Ideal for long-term living or short-stay rentals, this unit features a separate bedroom, living area, full kitchen, laundry facilities, and a private bathroom.
• Studio Apartment: Perfect for short-term stays, this hotel-style unit comes complete with a kitchenette and all the essentials for comfortable living.

Key Features
• Dual-key layout with two independent tenancies on one title
• Prime inner-city location in Launceston’s bustling CBD
• Flexible living arrangements: live in one unit and rent the other
• Private kitchen, bathroom, and laundry facilities in the main unit
• Built-in storage solutions
• Convenient elevator and stair access
• Walking distance to Launceston’s top restaurants, shops, and attractions

Investment Potential
This property is a standout for investors or homeowners seeking versatility and returns. Live in one unit while generating income from the other, or capitalize on the thriving short-term rental market. The flexible layout ensures appeal for a variety of tenants, making this a smart addition to any portfolio.

Property Details
• Council rates: $2,664 p/a (approx.)
• Water rates: $912 p/a (approx.)
• Building size: 101m² (approx.)
• Land size: 101m² (approx.)
• Year built: 2006
• Rental estimates:
- Main apartment: $370–$390 p/w
- Studio apartment: $320–$340 p/w

Don’t Miss Out!
This is a rare chance to own a dual-key apartment in Launceston’s thriving CBD, combining urban convenience, investment potential, and historical charm. Act quickly to secure your slice of city living today.

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.