LAUNCESTON APARTMENTS is a small accommodation business which manages 8 self-contained heritage residences in the greater Launceston city area. The business owns 4 of the properties outright and manages the remainder on behalf of other owners. In doing so, a successful and profitable pastime has resulted in a lifestyle business with handsome return on investment.

Live in one, or rent the lot -the forward bookings tell the tale. Interstate staffing leases, local tourism, itinerant business reps – all are showing their approvals with regular return clientele at above average rental rates and occupancy at 66% per annum

This lucrative hands-free business comes on the market due to the owners’ retirement and all set-up and running advice is provided. As long as you have a mobile phone, your time is your own. For lease or for sale – to utilise or on-sell. This is a top business opportunity with low-risk exposure in the burgeoning Launceston accommodation market.

Buy outright at $1,600,000. – Investment returns in excess of 15%, personal add-backs, and good capital growth of historically significant houses.
Please phone us for a confidentiality agreement and to discuss the huge potential this property presents.

Apartment Style Accommodation
Apartments 1930 Style – 1 & 2 Bedroom

Cottage Accommodation
Frankland Cottage – 2 Bedroom
Coronation Cottage – 3 Bedroom
Four Crown Street – 3 Bedroom
One 3 One – 3 Bedroom
Braeside Cottage – 3 Bedroom
Cottage on High – 3 Bedroom