1/2 Paterson Street

Launceston TAS 7250

Positioned in the heart of the city, this well-presented apartment offers the perfect blend of modern convenience and timeless character. Currently operating as a successful Airbnb, with an estimated rental return of $54,000 per annum, it presents an exceptional investment opportunity or an ideal urban home.This sleek two-story Art Deco building, built in 1937 as G Luck's Butcher, is a rare Launceston treasure. Instantly recognisable for its streamlined shape, rounded corner, and geometric tile patterns adorning the upper facade, it showcases timeless Art Deco charm.The apartment features two generously sized bedrooms, each situated on separate wings for privacy. A spacious, modern kitchen flows effortlessly into the open-plan living and dining area, offering captivating views of the vibrant cityscape. The property is warmed by a reverse cycle air conditioner, ensuring comfort in every season.Located at the quieter, more desirable end of the city, it's surrounded by parks, markets, award-winning restaurants and an active neighbourhood, providing a vibrant lifestyle just outside your door.The convenience of this central location means you can enjoy the best of city living without the need for a car. Whether you're seeking an investment with proven returns or a stylish home in a dynamic urban setting, this property is not to be missed with further options to purchase fully furnished. Rental Estimate: $490 p/wAirbnb Estimate: $54k p/a( Average nightly rate $350-$380)Year Built: 1937House Size: 66m2Council Rates: $1,490 p/aBody Corp: $1,320 p/aThe information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.