54 Elizabeth Street

Launceston TAS 7250

Previously held by the Theosophical Society for over 100 years, the current owner has significantly transformed this beautiful property into a diverse holding comprising three separate entities. It is hard to imagine a more central location for an investment of this nature with literally every institution known to man and science within a two-block radius. With a steady income stream of approx. $46,000 plus PA gross, investments like these in such a blue chip area are gold!

This beautifully renovated property has been part of the streetscape since the 1830's and is located adjacent to the magnificent St Johns Church, the first church built in Launceston, and the historically significant Princes Square. Interestingly Princes Square was first reserved as a public space in 1826 and was once a brickfield and soldiers parade ground before finally becoming an official public space in 1858.

This property has never been in such good condition internally and externally guaranteeing the new owners with many years of excellent income and very little maintenance. Another alternative may be to owner/occupy one of the three flats and draw a healthy income from the remainder. Check out the top floor suite, it's our favourite and comes with delightful views over the CBD and an appealing deck ready and waiting for those lovely balmy nights.