271-273 Charles Street

Multi Tenancy Investment

Description

Whether you're looking to strengthen your investment portfolio, create multiple income streams or secure a landmark property in one of Launceston's most sought-after locations, 271-273 Charles Street presents an exceptional opportunity. Positioned just 50 metres from the Launceston General Hospital and in the heart of the city's vibrant café and restaurant precinct, this heritage-listed property comprises three separate dwellings on one title, each with its own private entrance. Two of the residences are offered fully furnished, providing immediate flexibility for a range of investment strategies. The prominent front residence at 273 Charles Street offers two generous bedrooms with built-in robes, an updated kitchen and bathroom with quality appliances, reverse cycle air conditioning with additional electric heating, and low-maintenance surroundings. Whether retained as an investment, owner occupied or incorporated into a commercial venture (STCA), it adds further versatility to this unique offering. With strong potential for short-term accommodation (STCA), long-term rental income, professional consulting rooms, offices or even a café (STCA), the possibilities are extensive. Alternatively, live in one of the residences while generating income from the others, or explore the opportunity to restore this beautiful period property into one grand inner-city home. Offering flexibility, character and outstanding earning potential in a blue-chip location, opportunities like this are rarely available. Features: - Three separate dwellings on one title, each with its own private entrance - Two residences offered fully furnished - Outstanding opportunity for short-term accommodation (STCA) or long-term rental income - Prominent front residence featuring two bedrooms with built-in robes - Updated kitchen and bathroom with quality appliances - Reverse cycle air conditioning plus additional electric heating - Suitable for medical consulting rooms, offices or hospitality use (STCA) - Opportunity to live in one residence while generating income from the others - Potential to restore the property into one grand heritage home - Shared low-maintenance garden requiring minimal upkeep - Located approximately 50 metres from the Launceston General Hospital - Walking distance to cafés, restaurants, shopping, public transport and the Launceston CBD - Heritage-listed property in a tightly held inner-city location - Permit street parking only Land size: 290m2 approx. Building sizes: Unit 1 85m2 approx. Unit 2 65m2 approx. Unit 3 55m2 approx. Year built: 1900 Water rates: $800 p/q approx (all units occupied) Council rates: $1200 p/q approx Rental information: Main unit - Rental estimate of $500 per week approx. Unit 1 - Currently tenanted until May 2027 at $415 per week. Unit 2 - Currently tenanted until September 2027 at $285.00 per week with an increase to $310 per week starting from 7/9/2026. Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations

Property Details