375 John Lees Drive

Dilston TAS 7252

One of Launceston's prime waterfront locations - an acre on the Tamar River just 12 minutes from the CBD.This property is more than just a family home with stunning river views - it's a versatile investment opportunity that promises substantial earnings. With the potential to generate 6.6% in rental returns, it's also ideal for those looking to capitalise on the booming Tasmanian tourism industry.Key Features: Situated on the banks of the Tamar River, featuring a family home plus three self-contained cottages It's the ideal setting for short-term stays or long-term tenancies, with multiple income options Previously a thriving 4.5 star b&b before the owners' retirement, there's potential to resume operations or adapt the property to your future needs Main residence accommodates three bedrooms, one bathroom and a country-style kitchen with Tasmanian timber accents The three cottages offer open plan living and bedroom along with kitchenette and bathroom Each features a private deck so your guests can enjoy breath-taking river views in a quiet and tranquil setting The property extends to the water's edge, boasting a clay tennis court, landscaped gardens, fruit trees and wine cellar Located just 12 minutes from Launceston, this property offers a peaceful retreat from the city, with easy access to tourist attractions and amenities Live in this beautiful setting and let the cottage long term rentals (est. $900pw) pay the mortgageCall Deniker to arrange an inspection today.*Ray White Launceston has no reason to doubt the accuracy of this information which has been obtained from sources considered to be reliable; however, we cannot guarantee it. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.