68-70 York Street, LAUNCESTON, TAS, 7250

This exciting and majestic offering oozes charm and style whilst displaying desirable development and investment DNA. A must for residential, commercial or investor buyers looking to place funds in a quality property sure to display growth going forward. Property highlights: - Large landholding totalling 998m2 in an elevated position with stunning views of city, river and Cataract Gorge - Meticulous, award-winning renovation creating five residential apartments plus commercial office, suiting the highly active downsizer and affluent owner-occupier markets - Invaluable 26 bay car park generating strong and stable income along with development potential - Surrounded by multi-million dollar properties including coveted homes and quality commercial buildings - Cleverly subdivided paving the way for a purchase in two separate entities e.g SMSF - Coveted 'Urban Mixed Use' zoning overlay to allow for flexible residential and commercial applications - Existing accommodation business, plant & equipment and goodwill across the top two floors included in the sale - Net income potential of $155,000pa on a fully let basis. For further details please contact Blake Shepherd or Ian Singline.