39 Pedder Street, South Launceston TAS 7249

This exceptional investment opportunity in Launceston's thriving suburb of South Launceston offers unparalleled potential with dual access from Galvin St for future development (STCA). Situated on a generous 1330 sqm block over half of which is cleared and primed for your vision.

Currently a fully renovated five-bedroom residence spans two levels, cleverly divided into five self-contained flats yielding an impressive $1,970 per week. Each unit boasts city views, modern amenities and private decks for outdoor relaxation on the northern side. Perfectly positioned near the hospital schools and CBD this property promises both immediate returns and limitless possibilities.

Key Features:
• Amazing development potential to add additional house/units with dual access off Galvin St (STCA)
• More than half of the 1330 sqm block is cleared and ready to build on
• A fully renovated, cleverly divided five-bedroom home spanning two levels with great city views
• Now configured as five one-bedroom self-contained flats
• Fantastic income stream of $1,970 pw return
• Four of the five units are fully furnished
• Private decks (except unit 1) off the living/kitchen for outdoor enjoyment
• Updated kitchens and bathrooms in each
• Electric heating
• Carports for each unit and plenty of off-street parking
• Walking distance to Launceston General Hospital (800m)
• Close to schools, supermarkets, shops and all city conveniences
• Close to restaurants and cafés in Charles Street
• Just a 5-minute drive to Launceston's CBD

Contact Jeremy Wilkinson for your inspection.

Rental return: $1,970 pw
House size: 361 sqm
Land size: 1330 sqm
Built: 1964
Council: Launceston
Council rates: $5,200 pa
Council Zoning: General Residential

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**