Discover a rare and exciting opportunity to secure a high-performing multi-residence investment property in one of Launceston’s most desirable locations, just minutes from the CBD. CARINYA represents an astute investment where lifestyle appeal meets exceptional rental returns. This captivating property delivers strong, reliable income in a sought-after position that continues to attract quality tenants. The property boasts an excellent rental history with consistent demand, providing investors with confidence and stability.

Comprising 6 well-configured apartments across 3 levels – 5 x 1-bedroom units and 1 spacious 2-bedroom unit. Each unit is generously proportioned with welcoming living and dining areas, practical kitchens, and neat bathrooms designed for comfortable, low-maintenance living. 5 of the 6 units showcase expansive views of the CBD and mountains beyond. Allocated carports and 1 lock-up garage enhance the investment profile, while the substantial building footprint offers genuine potential for savvy investors to develop further, extend, or refurbish to maximise returns.

Perfectly positioned next to Arbour Park and walking distance to West Launceston Primary School, Cataract Gorge Reserve, Launceston General Hospital, and the CBD, this premium location combines lifestyle amenities with exceptional convenience – a combination that ensures ongoing tenant demand. Don’t miss the opportunity to capture CARINYA and build your investment future.

25 Hill St at a glance:
• Exciting multi-unit investment opportunity
• Prominent location in close to Launceston CBD and hospital
• Substantial 420sqm divided into 6 units
• Excellent rental history and high demand
• Single garage pus 5 bay carport

Additional Information:
• Land area: 816sqm
• Main building: 420sqm
• Council: Launceston City
• Zoned: General Residential
• Total rent per week: $1,740
• Total Annual Rent: $90,480
• Current Outgoings: Approx $19,800
• Rates: Appox $8,000
• Land tax: $1,355
• Water: Approx Approx $5,500
• Insurance: $4,878