$890K
$146,322
"The phone enquiry code for this property is 6163 We are excited to offer for sale, 9 Esplanade Beauty Point an iconic foreshore property with mixed residential and commercial use, which has now housed a well known and established fish and chip shop for more than a decade. The property is situated on arguably Beauty Points busiest foreshore street in the heart of the tourist precinct, which has been accepted for council redevelopment and is currently in phase four of the completion stage. A link to the redevelopment master plan can be found below. httpswww.wtc.tas.gov.auDesktopModulesBring2mindDMXDownload.aspxPortalId0EntryId2886 The asset is being sold with An established tenant in the fish and chip shop that has 2 years on the lease remaining and includes the possibility of extension for another 3 years. A newly renovated 4 bedroom and 3 bathroom multi use home. The residential home contains two separate parts. A 3 bedroom, 1 ensuite bathroom and 1 half bathroom family home currently occupied by tenants and a studio apartment containing 1 bedroom and 1 ensuite bathroom including a large deck. A seperate studio apartment can be used privately or rented out as AirBnB. Vacant land at the rear of the property that can be developed andor subdivided. The property comprises two dwellings with a residential living area of approximately 112m2 and a commercial business area of approximately 176m2 situated on a gross land area of 1,227m site. This property presents as a truly standout affordable investment opportunity, to secure a prized asset as a cornerstone of a diversified investment portfolio. Zoning residential. Located 45 minutes from Launceston, and 60 minutes from Launceston International Airport. approximate figures"
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Did you know you need to engage a conveyancer when buying a property?
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2021 Population
Suburbs
Education and Training - 14.0%
Retail Trade - 12.0%
Health Care and Social Assistance - 12.0%
Construction - 9.0%
Others - 53.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price