Develop, Invest or Live !
Bidding expected to start at $349,000
Its not often we find an almost 1000sqm flat block this close to the CBD, this property currently houses a beautiful 1900s character home as well as garaging for up to 8 vehicles and as it is, you know it is a rare find.
57a Cypress Street, Newstead is within walking distance to the CBD and is located close to all conveniences including schools, supermarkets, shopping, doctors and public transport.
This property is prime for development (STCA) with the ability to knock down and build up to 3 standout townhouses which will potentially bring back a pretty penny in rental income or excellent potential sales price considering the walking proximity to all of Launcestons conveniences. It is also an ideal property to run a business from whether that being a trades business, a doctors surgery, child care, animal care clinic or just about anything as there is also a ton of external parking space.
In saying that however the current arrangement of the property offers a home with all the charm and romance that a character property of this era should have with high ceilings, lead light windows, a very welcoming feel as you walk through
Lot/Plan No: 1/42422
Lot/Plan No: 1/42422