Block of Units Sold - TAS - Newnham - 7248 - 3 Investments in 1! (Image 2)

72 Alanvale Road Newnham TAS 7248

Sold $936,150

9 3 8

Property Type Block of Units
Land area approx 1224sqm
Floor area approx 93sqm
Region Tasmania
Locality Launceston
Carports 2
Toilets 3
Uncovered Carspaces 6

Tags: Development Fenced Lease

3 Investments in 1!

Smart buyers need to look at these, 3 by 3 bedroom brick residences, all on one title and sitting on a 1224m2 level block of land right in the heart of Newnham.

All 3 of the units currently under lease with excellent tenants and showing solid returns. The 2 newer units to the rear are large and spacious and very low maintenance, the 3rd residence is bright and well-presented but requires some updating or alternately remove it to make way for even further development on the block (STCA).

Additionally, each residence has the security of off-street parking for 2 vehicles. The easy care grounds are all very low maintenance and well fenced. The location couldn't be more convenient with the property being on the public transport route and so close to all services Newnham has to offer including shopping, AMC, TAFE, UTAS etc.

72 Alanvale Road at a glance:
• 3 x 3 bedroom units
• Well-fenced yard with each unit
• 6+ off-street parking spots
• Excellent investment opportunity
• Renovate or strata title and reap the rewards

Additional Information:
• Land: 1,224sqm
• Units: 281sqm (total)
• Year Built: Unit 1 - 1958, Units 2&3 - 1994
• Currently weekly return: $1,040
• Municipality: Launceston City Council
• Rates: $4,686 per annum
• Water: $800 per quarter
• Land tax: $1,265 per annum

"Roberts Real Estate have obtained all information in this document from sources considered to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate. Please note, photos are indicative of the property only."