$890K
$162,805
"Previously the Shaw Contracting building and once home to the Shaw Museum in the front pavilion, this distinctive multilevel property, built in 2000, offers an exceptional opportunity to blend business with investment. Strategically positioned along one of Northern Tasmanias bustling tourism routes, its the perfect location for a tourismfocused business that requires both showcase and office space under one roof. Whilst it would make a great business venture and presents multiple opportunities, the property also makes for a fantastic family homeespecially if you have teenagers or a larger family. A great ambience is felt here, providing a unique environment for both work and living. The expansive design of this 2794m2 approx property allows for endless possibilities, including the potential to develop onsite accommodation, providing additional income streams for the savvy business owner. Whether you want to showcase products, host events, or offer a tourism experience, this property is designed to cater to a variety of business ventures. Surrounded by beautiful farmland, Whitemore is home to recreational grounds, tennis courts, a cricket club, and playgrounds. Its conveniently located near surrounding towns with shops, schools, and services, and only a short 15minute drive to Launceston CBD. Zoned as Village under the Interim Planning Scheme, the property also offers future development potential. Property Highlights Over 45 squares approx of living and business space across three levels Large openplan showroom, ideal for business display Multiple reverse cycle heat pumps ensure yearround comfort throughout the property 3 bathrooms Two kitchens, including a fully renovated modern kitchen and an additional kitchenette Solid concrete tilt panel construction Sealed onsite parking for up to 25 cars Pavilion featuring full glass windows, Concertina doors, a kitchenette, and dining spaceideal for events or business operations Ground floor includes 3 bedrooms, 3 bathrooms, an office space, and multiple walkin robes for ample storage First floor offers 3 more bedrooms, two living areas, a kitchen, and dining space Second floor features a large entertaining room, perfect for gatherings or further business expansion Currently set up as a Bed and Breakfast, this historic property is steeped in local history, with the front Pavilion adding charm and character as the former Shaw Museum. Take advantage of this rare opportunity to invest in a versatile, strategically located property with a range of business, tourism, and development potential. Call today to arrange an inspection and explore the limitless possibilities of 776 Whitemore Road. Disclaimer We have in preparing this listing used our best endeavours to ensure the information is true accurate. Prospective purchasers are advised to carry out their own investigations."
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56.8%
-
-
$5,000
+
11.0%
7.4%
6.1%
6.0%
Asking Price
-
Estimated Purchase Price
$165,000
Stamp Duty
$4,710
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$16,500
Reg. Mortgage
$152
LMI Premium
$2,819
Renovation Costs
-
Total Cash/Equity Required
$26,812
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$18,200
$25,904
Property Management
+8.8% PA
$1,602
$2,280
Rates
+3.0% PA
$1,247
$1,627
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$12,151
$17,822
Interest Repayments
$9,801
$9,801
Net Cashflow Before Tax
$2,350
$8,021
Depreciation
-
-
Tax Offset
$705
$2,406
Net Cashflow After Tax
$1,645
$5,615
Assumptions
Year 1
Year 10
Property Value
6.8%
$181,560
$328,217
Loan Balance
I.O
$148,500
$148,500
$33,060
$179,717
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2016 Population
Suburbs
Agriculture, Forestry and Fishing - 16.0%
Health Care and Social Assistance - 14.0%
Retail Trade - 10.0%
Manufacturing - 9.0%
Others - 51.0%
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