Premier Penquite Road Location. This unique block of 6 x brick apartments set on a magnificent 1037 sqm parcel presents a sensational and rare opportunity to further develop (STCA) the units and site in sought after Newstead. Situated in one of Launcestons most popular areas these c.1955 brick apartments offer two bedroom accommodation close to Launcestons best schools and public transport. Potentially reap rich income rewards whilst you explore additional development or total redevelopment possibilities, maximising the investment with possible Strata title options (STCA) in a location that continues to increase in popularity.