1/12 Vermont Road
Mowbray, TAS 7248

Overview

Easy Investment - Strong Location

Positioned directly opposite Mowbray Shopping Centre, this neatly refurbished front unit offers outstanding convenience and a true set-and-forget investment opportunity. With tenants secured until 2027, it provides immediate income with no work required. The layout includes a separate living space and three bedrooms, making it a practical and low-maintenance option in one of Launceston's most accessible locations.

Key Features:

• Easy investment with tenants in place until 2027
• Fabulous location directly opposite Mowbray Shopping Centre
• Front unit of only two on the block
• Refurbished throughout with nothing further to do
• New Colorbond roof
• Updated kitchen with double sink and good storage
• Separate lounge room for comfortable living
• Three bedrooms offering flexibility for tenants or future use
• Renovated bathroom featuring a deep luxurious bath
• Reverse cycle air conditioning for year-round comfort
• Off street parking for two vehicles plus a visitor parking space
• Easy walk to shops, supermarkets, eateries, and everyday services
• Close to University of Tasmania, Australian Maritime College, TAFE College, and schools
• Only 7 minutes' drive to Launceston's CBD

This property is an excellent opportunity for investors seeking a secure rental return with minimal management. The unit size is 118 square meters, situated on a land size of 234 square meters. Built in 1945, it is zoned Inner Residential with council rates of $1,576 per annum. The rental return is approximately $450 per week, with the lease secured until February 17, 2027.

The property features air conditioning, a bath, internal laundry, and reverse cycle air conditioning, enhancing comfort and convenience. Its location and condition make it a desirable option for tenants and future owners alike.

Prospective purchasers are advised to carry out their own investigations as all measurements and information are approximate and sourced from reliable means but not guaranteed.

Location