An Absolute Cash Cow

Located in Invermay close to schools, bus route, Mowbray Shopping Centre and ten minutes from the C.B.D. finds this money making machine.

It's a house converted into 2 x 2 bedroom units and a 1 bedroom unit returning $64,740 and soon to be $66,300 from January 1, 2027.

Fully council approved, the building has just been fully repainted externally and looks super impressive.

These types of tenancies are never empty and form a vital part of Launceston's rental market.

For viewings please provide 48 hours notice.

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

Inspections

Explore the area

School catchments

St Finn Barr's Catholic Primary School Primary Prep-6 Catholic 0.23km
Launceston Church Grammar School Secondary Prep-12 Independent 0.68km
Invermay Primary School Primary K-6 Government 0.85km
Mowbray Heights Primary School Primary K-6 Government 1.3km
Launceston Big Picture School Secondary 9-12 Government 1.7km
Riverside Primary School Primary K-6 Government 2.5km
Riverside High School Secondary 7-11 Government 2.7km
Launceston Church Grammar School - Junior Campus Primary Independent 2.7km
Launceston College Secondary 11-12 Government 2.9km
Scotch Oakburn College - Elphin Campus Primary Independent 2.9km
East Tamar Primary School Primary K-6 Government 2.9km
Trevallyn Primary School Primary K-6 Government 3.0km
St Anthony's Catholic School Primary Prep-6 Catholic 3.1km
Australian Christian College - Launceston Combined Prep-10 Independent 3.2km
Newstead College Secondary 11-12 Government 3.3km
The Launceston Preparatory School Primary Prep-6 Independent 3.4km
Sacred Heart Catholic School Primary Prep-6 Catholic 3.5km
East Launceston Primary School Primary K-6 Government 3.6km
Launceston Christian School Combined Prep-12 Independent 3.6km
Ravenswood Heights Primary School Primary K-6 Government 3.7km
Newstead Christian School Combined Prep-10 Independent 3.9km
John Calvin School Combined Prep-10 Independent 3.9km
Brooks High School Secondary 7-12 Government 4.1km
OneSchool Global - Launceston Campus Combined Independent 4.8km
Scotch Oakburn College Combined Prep-12 Independent 5.0km
Queechy High School Secondary 7-12 Government 5.7km
St Patrick’s College - Croagh Patrick Centre Secondary Catholic 6.3km
St Patrick's College Secondary 7-12 Catholic 6.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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