35 Punchbowl Road, PUNCHBOWL, TAS, 7249

This solidly built brick and concrete property has been successfully operating as Aberdeen Court Motel for over 40 years but could just as easily be transitioned to a permanent let apartment block or strata development opportunity. Showing a healthy gross turnover of well over $400,000 and average net profit of $195,000 for the '17, 18 & '19 fiscal years the property has a long history as a strong income producer - acquire now to be well positioned to take advantage of Tasmania's strong tourism rebuild and nation leading economy. • Expansive 3,500m2 land area with over 1,500m2 building area • Strata development opportunity upside • Extremely solid brick and concrete construction • 20 two bed and 8 studio apartments • All self contained and offered fully furnished • 28 car parking spaces with room for more • 'General Residential' zoning overlay Absolutely outstanding opportunity to secure this expansive offering with immense upside priced at just $66,000 per apartment in Launceston's popular and growing southern suburbs. For further details contact Blake