FOR SALE
Passive Investment $1,400,000

78 Gilbert Street
Latrobe TAS 7307

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 400m2
Land area: 1214m2
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Passive Investment Latrobe Georgian Style Building Rental Income $91,000+gst per annum

Rare Georgian style heritage building with a tranquil courtyard is looking for new landlord.
Current owners, since circa 2010, have done extensive renovations and given an all-new look since they took over this property. This iconic establishment is spread over approximately 1214 square meters, with beautifully landscaped courtyard gardens that would want you to immerse yourself in the serenity of nature.
Prepare to be captivated by the epitome of timeless sophistication- Axminster Carpets in the gift shop, staircase and upstairs. Cafe has polished floorboards, quirky pictures on the wall and classic furniture setting, patrons are guaranteed delight by views of the garden, quality food and plenty of natural light.
Some highlights of this investment:
>Long lease 9 years in total, ROI 6.5% pa gross.
>Landlord pays land tax and building insurance.
>Latrobe is one of the leading suburbs in terms of fastest housing growth in Tasmania.
>Main road frontage.
>Upstairs are 4 rooms with French ceilings, kitchen, office and bathroom (toilet and shower).
>French cafe downstairs with courtyard.
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Property Details for 78 Gilbert St, Latrobe

78 Gilbert St, Latrobe is a 4 bedroom, 2 bathroom House. The property has a land size of 1214m2 and floor size of 400m2. The place is currently for sale with Tasmanian Business and Property Sales.

Building Type
House
Floor Size
400m2
Land Size
1214m2

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About Latrobe 7307

The size of Latrobe is approximately 62.8 square kilometres. It has 12 parks covering nearly 7.1% of total area. The population of Latrobe in 2011 was 3,897 people. By 2016 the population was 4,155 showing a population growth of 6.6% in the area during that time. The predominant age group in Latrobe is 60-69 years. Households in Latrobe are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Latrobe work in a trades occupation. In 2011, 69.1% of the homes in Latrobe were owner-occupied compared with 68.2% in 2016.

Latrobe has 2,738 properties. Over the last 5 years, Houses in Latrobe have seen a 80.85% increase in median value, while Units have seen a 60.14% increase. As at 31 August 2024:

  • The median value for Houses in Latrobe is $533,017 while the median value for Units is $410,796.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 27 properties listed for sale, and 1 property listed for rent in Latrobe on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Latrobe.

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Praveen Pant
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