20 Lindsay Street
Invermay TAS 7248
$950,000
Imposing Invermay edifice - dominant streetscape.
Presenting a revolutionary opportunity for investors, developers, or indeed home-owners, to acquire one of the most commanding properties in Invermay. 20 Lindsay Street, which currently provides back-packer and itinerant workers accommodation, is perfectly located just moments from the Launceston CBD and the new University of Tasmania (UTAS) campus. This prime location ensures easy access to all local amenities, public transport, and city life.The property offers immense potential, though it does require a "bit of a spruce-up" to unlock its full value, and with some thoughtful planning, could be transformed into a highly sought-after asset, capitalising on the increasing demand for student housing and short-term rentals in the area.
Key Features:
- Prime location in close proximity to Launceston’s CBD and UTAS campus.
- Existing backpackers accommodation, suitable for renovation.
- Potential for value upside through restoration and redevelopment.
- Walking distance to local shops, cafes, and transport options.
Whether you're looking to invest in a high-potential property or bring your vision to life through a renovation project, this is an opportunity to be considered.
Please contact David Webster or Fletcher Seymour to arrange an inspection or more information.
Features
General Features
- Land Area: 551sqm
- Commercial Type: Hotel/Leisure
- Building Area: 753sqm
- Zoning: General Residential
Can I afford 20 Lindsay Street?
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Elders Real Estate Launceston
Enquire about 20 Lindsay Street, Invermay, TAS, 7248