This is an opportunity to acquire an upmarket three unit tourist accommodation business with an on site residence on a prime riverfront block on the Tamar Valley Wine Route, just 12 minutes from the restaurants and attractions of Launceston, recently named a UNESCO City of Gastronomy.
The current owners designed and ran Riverbank Cottages, a profitable short stay serviced accommodation business here for many years before retirement and are now seeking to downsize. You could do the same easily, or list the property through air B&B, perhaps utilising one of a number of local Air B&B managers to handle it for you whilst you relax and enjoy the magnificent Tasmanian lifestyle. The current longer term tenancies also offer investment potential.
In any case, this is a rare opportunity to purchase a large, multi-purpose property with income, in the heart of the Tamar Valley.
The idyllic location will provide you with fresh northerly breezes, stunning westerly sunsets, and that serene feeling that the surrounding established landscaping provides. The ultimate green hideaway.
The main 3-bedroom, 1 bathroom residence is complemented by three additional self-contained apartments, each with separate bathroom, kitchenette and open plan bedroom - lounge - dining deck, all secluded from the house and with spectacular views over the Tamar River.
The units are fully furnished and have both Mitsubishi reverse cycle air conditioners and electric underfloor bathroom heating.
The House on site offers the main residents a private, elevated home complemented by an oversize country style kitchen and butlers pantry. Enough space for a large informal dining space too. Feature Tasmanian Timber on show including Celery Top Pine Benches, Tasmanian Oak linings and skirtings.
Under the home there is a large laundry plus rumpus/ studio/ second living. Entertaining spaces, veranda and connection to nature in abundance. This lower level has been used as guest reception, office and linen storage when the business was running.
The main home benefits from two quality Mitsubishi reverse cycle air conditioners plus cozy wood fire.
There is a clay tennis court to provide recreation and fitness, vegetable garden, fruit trees, wine cellar and more here to explore. With waterfront title, some slight work and you could launch a boat or with council approvals you may get a jetty or pontoon in.
Tourist accommodation rental estimate: Approx. $3000p/w (at 50% occupancy)
Long term rental Estimate: House $480p/w, Unit 1 $330p/w, Unit 2 $330p/w & Unit 3 $330p/w
House size: 184m2
Land size: 4806m2
Built: 1950 (house) & 2000 (units)
Rates: $3,700 approx. p/a
Council Zoning: Residential
Council: City of Launceston
Heritage listed: No
