FOR SALE

20 Lindsay Street

Invermay, Launceston

Tasmania

Circa 1890 heritage listed, historically important property

$135,000 to $150,000

This three storey Invermay property has original fittings and fixtures such as Baltic pine flooring throughout and comprises three stories, including the distinctive bell tower.

Heritage listed, the 577 square metre building has ten to fifteen bedrooms (depending on how you work it), @ $70/week likely to bring rental income of up to $1,000 per week.

There is a large commercial kitchen, large dining room, bar, billiards room, three toilet blocks plus bathrooms.

There is a self-contained manager's residence on the third floor with two bedrooms and a lounge. In addition in the backyard is a one bedroom unit and two storage sheds.

Totally rewired with some new plumbing the major ground work has been done and is awaiting completion.

 

 

Only a short walking distance to the city centre and the new Inveresk railway development, the property would appeal to a developer wanting to establish backpacker or bed and breakfast accommodation, subject to council approval.

 

 

 

This property is unqiue. It represents an opportunity for a purchaser to finish upgrading and operate as business/accommodation or/and eating place.

Zoned residential with discretionary powers by the Council (i.e. there is a business next door). It has the authority to trade as guest house and eating house with commercial kitchen licence.

The property has been upgraded in many areas. There are only a few things to do !

  1. In order to claim 100% insurance, put in a fire sprinkler system. It already has a system, but not for 100% insurance.
  2. Upgrade the bathrooms
  3. Freshen interior with a new paint job.

The property is heritage listed so approved upgrades may be assisted by the Heritage Trust - up to 20%.

The asking price is in the range of $135,000 to $150,000.

An offer would be considered.

Enquiries: Stephen Coull (Property Consultant)
Towns Shearing Real Estate Pty Ltd
Cnr St John and Elizabeth Street
Launceston, Tasmania 7250

Phone 0419 118 784
          (03) 6334 3484

Fax:    (03) 6334 3173

Email: scoull@townsshearing.com.au

Website: http://www.townsshearing.com.au



No Warranty Given. You should seek your own independent advice as to the accuracy of the information supplied.