Located in the historic Alice Place and once part of the grounds of a significant 1840s Mansion, this property has a unique and fascinating heritage and offers a rare opportunity to own a piece of Launceston's rich history. This charming character cottage sits in the heart of inner-city Launceston and showcases timeless examples of federation architecture. This 1900s timber home boasts two frontages and offers dual rental incomes, making it an excellent choice for investors seeking strong returns. Set back from the street, the two-storey dwelling and its seperate tenancies are comprised of - a 3-bedroom, 1-bathroom house on one side, and an attached studio residence on the other, complete with its own kitchen amenities and bathroom. The property enjoys access to a private roadway at the rear, adding to its privacy, functionality and convenience. Whilst ideally suited to an investor seeking consistently strong returns, with the potential for a solid rental income stream from both tenancies, it also offers plenty of scope for those with renovation aspirations. There is even the possibility of complete redevelopment with the construction of a luxury inner-city home with aspect, elevation, and an A-class address. This is a unique and exciting investment opportunity in a highly sought-after location. Whether you're an investor looking for a rental property or an ambitious developer, this 1900s timber cottage offers a rare opportunity to own a slice of Launceston's history. So don't miss your chance - register your interest today!