271-273 Charles Street, Launceston, Tas, 7250

Whether​ ​you're​ ​looking​ ​to​ ​strengthen​ ​your​ ​investment​ ​portfolio,​ ​create​ ​multiple​ ​income​ ​streams​ ​or​ ​secure​ ​a​ ​landmark​ ​property​ ​in​ ​one​ ​of​ ​Launceston's​ ​most​ ​sought-after​ ​locations,​ ​271-273​ ​Charles​ ​Street​ ​presents​ ​an​ ​exceptional​ ​opportunity.

Positioned​ ​just​ ​50​ ​metres​ ​from​ ​the​ ​Launceston​ ​General​ ​Hospital​ ​and​ ​in​ ​the​ ​heart​ ​of​ ​the​ ​city's​ ​vibrant​ ​café​ ​and​ ​restaurant​ ​precinct,​ ​this​ ​heritage-listed​ ​property​ ​comprises​ ​three​ ​separate​ ​dwellings​ ​on​ ​one​ ​title,​ ​each​ ​with​ ​its​ ​own​ ​private​ ​entrance.​ ​Two​ ​of​ ​the​ ​residences​ ​are​ ​offered​ ​fully​ ​furnished,​ ​providing​ ​immediate​ ​flexibility​ ​for​ ​a​ ​range​ ​of​ ​investment​ ​strategies.

The​ ​prominent​ ​front​ ​residence​ ​at​ ​273​ ​Charles​ ​Street​ ​offers​ ​two​ ​generous​ ​bedrooms​ ​with​ ​built-in​ ​robes,​ ​an​ ​updated​ ​kitchen​ ​and​ ​bathroom​ ​with​ ​quality​ ​appliances,​ ​reverse​ ​cycle​ ​air​ ​conditioning​ ​with​ ​additional​ ​electric​ ​heating,​ ​and​ ​low-maintenance​ ​surroundings.​ ​Whether​ ​retained​ ​as​ ​an​ ​investment,​ ​owner​ ​occupied​ ​or​ ​incorporated​ ​into​ ​a​ ​commercial​ ​venture​ ​(STCA),​ ​it​ ​adds​ ​further​ ​versatility​ ​to​ ​this​ ​unique​ ​offering.

With​ ​strong​ ​potential​ ​for​ ​short-term​ ​accommodation​ ​(STCA),​ ​long-term​ ​rental​ ​income,​ ​professional​ ​consulting​ ​rooms,​ ​offices​ ​or​ ​even​ ​a​ ​café​ ​(STCA),​ ​the​ ​possibilities​ ​are​ ​extensive.​ ​Alternatively,​ ​live​ ​in​ ​one​ ​of​ ​the​ ​residences​ ​while​ ​generating​ ​income​ ​from​ ​the​ ​others,​ ​or​ ​explore​ ​the​ ​opportunity​ ​to​ ​restore​ ​this​ ​beautiful​ ​period​ ​property​ ​into​ ​one​ ​grand​ ​inner-city​ ​home.

Offering​ ​flexibility,​ ​character​ ​and​ ​outstanding​ ​earning​ ​potential​ ​in​ ​a​ ​blue-chip​ ​location,​ ​opportunities​ ​like​ ​this​ ​are​ ​rarely​ ​available.

Features:
-​ ​Three​ ​separate​ ​dwellings​ ​on​ ​one​ ​title,​ ​each​ ​with​ ​its​ ​own​ ​private​ ​entrance
-​ ​Two​ ​residences​ ​offered​ ​fully​ ​furnished
-​ ​Outstanding​ ​opportunity​ ​for​ ​short-term​ ​accommodation​ ​(STCA)​ ​or​ ​long-term​ ​rental​ ​income
-​ ​Prominent​ ​front​ ​residence​ ​featuring​ ​two​ ​bedrooms​ ​with​ ​built-in​ ​robes
-​ ​Updated​ ​kitchen​ ​and​ ​bathroom​ ​with​ ​quality​ ​appliances
-​ ​Reverse​ ​cycle​ ​air​ ​conditioning​ ​plus​ ​additional​ ​electric​ ​heating
-​ ​Suitable​ ​for​ ​medical​ ​consulting​ ​rooms,​ ​offices​ ​or​ ​hospitality​ ​use​ ​(STCA)
-​ ​Opportunity​ ​to​ ​live​ ​in​ ​one​ ​residence​ ​while​ ​generating​ ​income​ ​from​ ​the​ ​others
-​ ​Potential​ ​to​ ​restore​ ​the​ ​property​ ​into​ ​one​ ​grand​ ​heritage​ ​home
-​ ​Shared​ ​low-maintenance​ ​garden​ ​requiring​ ​minimal​ ​upkeep
-​ ​Located​ ​approximately​ ​50​ ​metres​ ​from​ ​the​ ​Launceston​ ​General​ ​Hospital
-​ ​Walking​ ​distance​ ​to​ ​cafés,​ ​restaurants,​ ​shopping,​ ​public​ ​transport​ ​and​ ​the​ ​Launceston​ ​CBD
-​ ​Heritage-listed​ ​property​ ​in​ ​a​ ​tightly​ ​held​ ​inner-city​ ​location
-​ ​Permit​ ​street​ ​parking​ ​only

Land​ ​size:​ ​290m2​ ​approx.
Building​ ​sizes:​ ​Unit​ ​1​ ​–​ ​85m2​ ​approx.​ ​Unit​ ​2​ ​–​ ​65m2​ ​approx.​ ​Unit​ ​3​ ​–​ ​55m2​ ​approx.​ ​
Year​ ​built:​ ​1900
Water​ ​rates:​ ​$800​ ​p/q​ ​approx​ ​(all​ ​units​ ​occupied)
Council​ ​rates:​ ​$1200​ ​p/q​ ​approx

Rental​ ​information:
Main​ ​unit​ ​-​ ​Rental​ ​estimate​ ​of​ ​$500​ ​per​ ​week​ ​approx.
Unit​ ​1​ ​-​ ​Currently​ ​tenanted​ ​until​ ​May​ ​2027​ ​at​ ​$415​ ​per​ ​week.​ ​
Unit​ ​2​ ​-​ ​Currently​ ​tenanted​ ​until​ ​September​ ​2027​ ​at​ ​$285.00​ ​per​ ​week​ ​with​ ​an​ ​increase​ ​to​ ​$310​ ​per​ ​week​ ​starting​ ​from​ ​7/9/2026.

Key2​ ​Property​ ​have​ ​obtained​ ​all​ ​information​ ​in​ ​the​ ​document​ ​from​ ​sources​ ​we​ ​believe​ ​to​ ​be​ ​reliable;​ ​however,​ ​we​ ​cannot​ ​guarantee​ ​its​ ​accuracy.​ ​Prospective​ ​purchasers​ ​are​ ​advised​ ​to​ ​carry​ ​out​ ​their​ ​own​ ​investigations