8 Conway Street, Mowbray TAS

Dual Income or Commercial Opportunity!

$500,000 - $535,000, 7.8% YLD

Discover a unique investment opportunity in the heart of Mowbray with this versatile three-bedroom home. Centrally located, this property offers convenience and potential for both investors and homeowners. Featuring open-plan living, the space is modern and inviting, perfect for family life or entertaining. The property's standout feature is its dual income potential, with the ability to rent out both the residential dwelling and the garage separately as a workspace.

Purchasers can take advantage of commercial zoning and repurpose asset as investment suitable for small or medium sized business.

Situated just minutes from the Mowbray Shopping Centre and a mere five minutes from Launceston CBD, this home boasts a prime location. It's also close to the current UTAS University and its future relocation site, making it an appealing choice for renters. Currently tenanted, the residence provides immediate income, adding to its investment appeal. The property sits on approximately 585m² of land with a building size of around 101m², and was built in 1920. Managed by the Launceston local council, this home is not only a sound investment but also a rare find.

Existing dwelling has existing non-conforming use rights for residential application. Use can continue until such time as it ceases for a period of two years over a three year period.

Council: Launceston
Zoning: Commercial
Residential Rent Estimate: $425/pw
Commercial Rent Estimate: $700-750/pw

Don't miss out on this incredible opportunity. For more information or to arrange a viewing, please contact Kyle Barrett today. Images of the internal shed are available upon request.

*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

Kyle Barrett
Director & Property Sales Representative
t 03 6343 4361
m 0492 492 873
Amber Cirkel
Property Sales Associate to Kyle Barrett
t 03 6343 4361
m 0498 831 431

At a glance

Land area

585 m2

Floor area

101 m2

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