Situated in popular Newnham and so close to all facilities sits this original 1950s weatherboard home directly facing North on its fantastic level 1813m2 allotment ripe for redevelopment (STCA), With the Newnham and Mayfield suburbs recently and currently seeing so many new builds and strata units currently popping up this approx half acre block would be the ideal purchase for the savvy developers to redevelop for new units with either incorporating or removing the original house. The current owner of the past 18 years does have soil test report and development plans for four 2br units and 1 x 3br unit that were drafted in 2010 however never moved forward with the development at the time and these can be supplied with the sale or redesign to increase lots. The existing home itself have been rented for the term of this ownership and is currently returning $265.00pw with long term tenants in place with lease ending Jan 22. The home itself is basic and consists of 4 good size bedroom, large formal living, rear kitchen/dining, two bathrooms. Location and convenience of this property is brilliant being so close to AMC, Mowbray shopping precinct and just a 10 min run straight down the outlet into the CBD. With recent unit & townhouse prices in and around Launceston soaring to unprecedented levels this could be your golden opportunity to capitalize in this market or retain and renovate the original home giving plenty of ground for children to play. This property is for sale by negotiation and inspections here are strictly by appointment only. Currently leased until 02/01/22 Please call me today to discuss and arrange.