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Launceston TAS 7250
2
2
•
Apartment
Launceston TAS 7250
2
2
•
Apartment
Contact agent
Contact agent
Launceston TAS 7250
Off Market
•
This property is listed for off market sale, contact agent for inspections.
Property listed for off market sale.
2 beds
2 baths
Apartment
2
2
•
Apartment
Homes AI assigned this property the following badges.
Sustainable Living
Embrace a greener lifestyle with this eco-conscious property, minimizing your environmental footprint.
Agent Description
COMMERCIAL INVESTMENT ONLY OPPORTUNITY Discover a rare investment gem at 504/16 Paterson St, Launceston, Tasmania. This commercial property, featuring 2 bedrooms and 2 bathrooms, is the operational hub of a successful serviced apartment business. Key Features: - Prime Location - Centrally located in Launceston, Tasmania, ensuring high visibility and accessibility. - Stable Income - Secure monthly income of $2,460.09 for the next 3 years, with an option to extend for an additional 3 years and CPI increase evert year. - Strategic Advantage - Take advantage of CPI-linked rent increases, providing a hedge against inflation. - Top-up Rent Potential - The lease allows for top-up rent, subject to the tenant's ability to generate up to 42.5% of revenue for the unit. Last year, the property obtained an additional $7,695.72 in rental income, a figure subject to change based on the tenant's performance. Financial Snapshot: - Asking Price: $470,000 + - Outgoings Payable: Water Rates $1,141, Council Rates $3,193, Land Tax $140, OC Admin $0 (Tenant pays), OC Main $1,932. Yield: Based on the asking price of $470,000, the gross yield of the property is approximately 6.3%. If factoring into account last years additional rent-top, the gross yield was 7.9%. If factoring in last years additional income, the net yield was approximately 6.56%.
Property Features
Wheelchair AccessibleAlarm System
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Agent Description
COMMERCIAL INVESTMENT ONLY OPPORTUNITY Discover a rare investment gem at 504/16 Paterson St, Launceston, Tasmania. This commercial property, featuring 2 bedrooms and 2 bathrooms, is the operational hub of a successful serviced apartment business. Key Features: - Prime Location - Centrally located in Launceston, Tasmania, ensuring high visibility and accessibility. - Stable Income - Secure monthly income of $2,460.09 for the next 3 years, with an option to extend for an additional 3 years and CPI increase evert year. - Strategic Advantage - Take advantage of CPI-linked rent increases, providing a hedge against inflation. - Top-up Rent Potential - The lease allows for top-up rent, subject to the tenant's ability to generate up to 42.5% of revenue for the unit. Last year, the property obtained an additional $7,695.72 in rental income, a figure subject to change based on the tenant's performance. Financial Snapshot: - Asking Price: $470,000 + - Outgoings Payable: Water Rates $1,141, Council Rates $3,193, Land Tax $140, OC Admin $0 (Tenant pays), OC Main $1,932. Yield: Based on the asking price of $470,000, the gross yield of the property is approximately 6.3%. If factoring into account last years additional rent-top, the gross yield was 7.9%. If factoring in last years additional income, the net yield was approximately 6.56%.