171 Wellington Street

Launceston TAS 7250

Introducing Dunorlan Terrace located at 171 Wellington Street, Launceston. Here is an exciting opportunity for investors to secure a property with a strong rental yield and amazing capital growth potential. On the one title but with 2 apartments, this property currently generates a rental return of $720 a week with long term leases in place.

Ideally positioned a flat, easy 8-minute walk to the Launceston General Hospital or 1-minute drive. These apartments always attract tenancies from medical professionals and a wide demographic looking for the convenience of an inner-city rental. The 1900 brick build has 2-one bedroom apartments that come fully furnished in the sale. 171a is the ground level apartment that has a charming feel with gorgeous timber flooring throughout, plenty of storage, updated kitchen and parking spot at the rear of the property. 171b is the upper-level apartment with rear court-yard and loft area for extra storage and space. A stroll across the road to a Coles supermarket, walking distance to Launceston's CBD and close to all amenities and public transport, this is a smart investment.