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Established Business 4BR Home Passive Investment Long Term Tenant ROI>7.4% PA

Looking for a smart investment opportunity that offers long-term financial benefits?
Look no further than this fantastic freehold investment property! Offering Capital Growth and a Fantastic Return.

Nestled in a prime location in Norwood, en route to Hobart Rd & Midlands Hwy this property offers a unique opportunity to secure a long-term investment with potential for impressive capital growth. The freehold nature of the property means that you'll have complete ownership, giving you the flexibility to add value & increase the rental income for the 4BR home.

This investment comprises 2 tenancies, one is a popular convenience/takeaway store and the second tenancy is a 4BR house all on 1 title.

Business has a long-term lease of 8 years with a 7-year option and the house has a tenant that is managed by a local real estate firm.

Total Rental income: $1150 pw
Business-$800+gst per week
4BR Home-$350 per week with the potential to go up to a minimum of $450 (as per market rate) at the expiry of the current lease.

Local Council-Launceston City Council
Area-658 sqm
Zoning-Local Business
PID-6883692

Build circa 1970, to our understanding, there is no money to be spent on any aspect of this property.

Investing in property has never been easier, and with this freehold investment, you'll be setting yourself up for financial success. Whether you're a seasoned investor or new to the game, this property offers a solid foundation for building your property portfolio.

Don't miss out on this fantastic investment opportunity - contact us today to arrange a viewing and see for yourself the potential this freehold investment property has to offer.

Call Praveen Pant on 0432 256 682 or Paul Scott on 0477 771 098 or email pauls@tasbps.com.au/ praveenp@tasbps.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.

4 1 1
Address 203 Opossum Rd, Norwood
Price SOLD
Property Type Residential
Property ID 980
Category House
Floor Area 658 m2

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Agent Details

Paul Scott photo

Paul Scott

0477771098
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Praveen Pant photo

Praveen Pant

0432 256 682
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Praveen and Paul, sold my unique Hydroponic farm (Controlled environment vertical farm). This was a challenge as it is the only one of its kind in the Southern Hemisphere. Difficult to find a buyer but they managed to find one. They were very friendly with great communication and regular progress chats. Owner of Vertical Pastures April 2024  

Paul and Praveen sold my café. They were great to work with, gave good advice, and I felt I could really trust them. They always advocated for the best outcome, we’re optimistic but practical and were always kind and courteous. I would recommend them if you are looking to sell your business. Owner of Earthy Eats March 2024

Big thank you for making the sale of the business easy and prompt from a purchaser’s perspective. Purchaser of Bladerunner Hairdressing March 2024

Highly recommend Tasmanian Business and Property Sales. They show a great deal of interest in the property to sell, they have a strong network of clients and solidly marketed our business backed up with direct visits with potential buyers. We sold quickly and with pleasing results. Owner of Gold Rush Inn March 2024

Had a great experience and business deal for a restaurant with Praveen. Very grateful for his great support overtime. Amazing gift from him and his team. Hopefully will have more chance to work with them in the future! Purchaser of JBS Canteen Jan 2024

We cannot thank Praveen, Paul, and Neha enough for their outstanding services in helping us purchase our dream business. From start to finish, they went above and beyond to make this experience absolutely delightful! With their help, our dream of owning our own business has become a reality, and we couldn't be happier. We are now embarking on an exciting new chapter, thanks to the exceptional service of the team. If you are looking to purchase a business and want a team that will go the extra mile, we highly recommend them. They are true professionals who will work tirelessly to ensure your dreams come true too.