Secure 2-Bed Commercial Property with Established Serviced Apartment Business - Act Now for Sustained Returns!

COMMERCIAL INVESTMENT ONLY OPPORTUNITY

Discover a rare investment gem at 504/16 Paterson St, Launceston, Tasmania. This commercial property, featuring 2 bedrooms and 2 bathrooms, is the operational hub of a successful serviced apartment business.

Key Features:

- Prime Location - Centrally located in Launceston, Tasmania, ensuring high visibility and accessibility.

- Stable Income - Secure monthly income of $2,460.09 for the next 3 years, with an option to extend for an additional 3 years and CPI increase evert year.

- Strategic Advantage - Take advantage of CPI-linked rent increases, providing a hedge against inflation.

- Top-up Rent Potential - The lease allows for top-up rent, subject to the tenant's ability to generate up to 42.5% of revenue for the unit. Last year, the property obtained an additional $7,695.72 in rental income, a figure subject to change based on the tenant's performance.

Financial Snapshot:

- Asking Price: $470,000 +
- Outgoings Payable: Water Rates $1,141, Council Rates $3,193, Land Tax $140, OC Admin $0 (Tenant pays), OC Main $1,932.

Yield:

Based on the asking price of $470,000, the gross yield of the property is approximately 6.3%. If factoring into account last years additional rent-top, the gross yield was 7.9%.

If factoring in last years additional income, the net yield was approximately 6.56%.