Rae Smith
+ 61 0455 445 300
Set Your Budget 
Save your budget
This helps us curate better property matches for youSelect a budget
Set Your Budget
Save your budget
This helps us curate better property matches for youSelect a budget
Sold
Apartment
CALLING BUILDER DEVELOPERS & INVESTORS – 7% RETURN
369-371 Wellington Street, South Launceston, TAS, 7249, Australia
5
4
4
286 m²
296 m²
Property Features
- Deck
About this Property
This 1964 brick rendered residence is a rare find in the current market, offering the unique configuration of four flats on one title. All are currently tenanted to long term occupants with a combined rent of $1,200.00 per week.
Due to the existing configuration, Launceston City Council have indicated that the property does have Strata Development potential, making it an interesting prospect for a savvy builder or developer (STCA). Be advised this property does have some issues with structural integrity and would therefore best suit a buyer that can address the restoration work themselves.
Only an easy 10-minute drive into the Launceston CBD, this property has both an upstairs and downstairs flat situated on each side. There is a shared common entry foyer and central staircase, with inside access from both the front and back of the building.
Each of the floorplans slightly differ however all have built-ins, a bathroom with toilet, a spacious lounge room and a large separate kitchen which incorporates the laundry zone. The two top level flats have the benefit of a large timber balcony which was built in 2010. There is a single allocated parking bay for each occupant and the 296m2 block (approximate) is conveniently low maintenance.
The excellent team at Property Wise Launceston are the property managers for this address. Details for each existing lease are as follows:
Flat 1 (bottom left one bedroom) - $270.00 rent per week. Lease end October 2023
Flat 2 (bottom right one bedroom) - $270.00 rent per week. Lease end July 2024
Flat 3 (top left two bedroom) - $350.00 rent per week. Lease end May 2024
Flat 4 (top right one bedroom) - $310.00 rent per week. Lease end July 2024
Give Rae a call on 0455 445 300 for further information.
Annual Launceston City Council rates $5,145.48
Annual Taswater rates + usage $3,440.00
Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided.
Property Code: 489
Due to the existing configuration, Launceston City Council have indicated that the property does have Strata Development potential, making it an interesting prospect for a savvy builder or developer (STCA). Be advised this property does have some issues with structural integrity and would therefore best suit a buyer that can address the restoration work themselves.
Only an easy 10-minute drive into the Launceston CBD, this property has both an upstairs and downstairs flat situated on each side. There is a shared common entry foyer and central staircase, with inside access from both the front and back of the building.
Each of the floorplans slightly differ however all have built-ins, a bathroom with toilet, a spacious lounge room and a large separate kitchen which incorporates the laundry zone. The two top level flats have the benefit of a large timber balcony which was built in 2010. There is a single allocated parking bay for each occupant and the 296m2 block (approximate) is conveniently low maintenance.
The excellent team at Property Wise Launceston are the property managers for this address. Details for each existing lease are as follows:
Flat 1 (bottom left one bedroom) - $270.00 rent per week. Lease end October 2023
Flat 2 (bottom right one bedroom) - $270.00 rent per week. Lease end July 2024
Flat 3 (top left two bedroom) - $350.00 rent per week. Lease end May 2024
Flat 4 (top right one bedroom) - $310.00 rent per week. Lease end July 2024
Give Rae a call on 0455 445 300 for further information.
Annual Launceston City Council rates $5,145.48
Annual Taswater rates + usage $3,440.00
Flanagan Residential provides this information from third parties as a convenience to you and recommends prospective purchasers carry out their own enquiries and seek legal advice with respect to the property information provided.
Property Code: 489
Gallery
Book an Inspection Time
Request for Inspection
Message the agent to request for an on-site or a virtual livecast property inspection
Rae Smith
Flanagan Residential Pty Ltd - LAUNCESTON
+ 61 0455 445 300
Download the mobile app to get instant updates
Calculate your home loan repayments
Download the mobile app to get instant updates
More Details on 369-371 Wellington Street, South Launceston TAS
How many bedrooms and bathrooms does 369-371 Wellington Street, South Launceston have?
369-371 Wellington Street, South Launceston is a 5 bedroom, 4 bathroom apartment.
Who is the agency that listed 369-371 Wellington Street, South Launceston?
The agency who listed 369-371 Wellington Street, South Launceston is Flanagan Residential Pty Ltd - LAUNCESTON - you can contact the agents here.
How many car spots does 369-371 Wellington Street, South Launceston have?
369-371 Wellington Street, South Launceston is a 4 car spot home.
How much is 369-371 Wellington Street, South Launceston?
The price of 369-371 Wellington Street, South Launceston is CALLING BUILDER DEVELOPERS & INVESTORS – 7% RETURN - contact the agents to find out more.