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Launceston, 187 Wellington Street

Open Home/Auction: Sat 28th Oct 11:30

Auction 28 Oct 2017

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Listing Number: TLA5570
About this listing
Exceptional Opportunity

This high profile, unique property has loads of potential for development! As the former Kinnane's Cycles store, this iconic property operated for 40 years having great exposure to passing traffic. Now selling with a tenant in place in the front showroom bringing in $800 per month, the ground floor of this property also comprises two other substantial rooms plus a loft storage area.

Upstairs are 2 more generous rooms, currently serving as office space but with a little passion there are opportunities for both commercial and/or residential use (STCA). The property, being zoned residential offers possibilities for mixed commercial use or turn the whole building into a trendy townhouse.

Ready for transformation this property does offer a myriad of possibilities and has had some works completed already e.g., re-wiring, re-roofing, replastering and painting. There is off street parking and a private courtyard at the rear. For more information and your appointment to view, contact Jeremy Wilkinson.

Bidding expected to start around $200,000.

Zoned Inner Residential
Currently Rented at $800 pm
House size: 95m²
Land size: 163m²
Built: Prior 1900
Rates: $1600 annually

* all measurements are approximate
Auction date
Saturday 28 Oct 12:00 PM (On site)
Open Homes
Saturday 28 Oct 11:30 AM - 12:00 PM
Property Information
  • Floor Area: 95 sqm
  • Land Size: 163 sqm
  • Approx year built: 1900
  • Property condition: Fair
  • Property Type: House
  • Garaging / carparking: Off street
  • Walls / Interior: Concrete
  • Flooring: Carpet
  • Chattels remaining: Rinnai Gas Heater, Fixed floor coverings, Light fittings
  • Views: City
  • Aspect: West
  • Outdoor living: Entertainment area (Uncovered), BBQ area
  • Fencing: Fully fenced
  • Land contour: Flat
  • Grounds: Backyard access, Tidy
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to schools, Close to shops

Contact Details

Harcourts Launceston

112-114 George Street
Office website

Property Location

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