149 Peel Street West, Summerhill, Tas 7250

Rare investment opportunity offering two co-joined brick units on one title with reliable tenants already in place. Each unit mirrors the other with open kitchens, dining areas and sunlit north-facing living rooms. Two double bedrooms in each come with built-in storage and the bathrooms include 3/4 baths, separate showers and separate toilets. 

Enjoy year-round comfort with reverse cycle air conditioning. The 676 sqm block is flat and easy care with a lock-up garage for each unit and additional off-street parking. Located just 300m to Summerdale Medical Centre and within walking distance to schools, shops and the Olde Tudor Shopping Complex. 

Key Features:
• Unique investment opportunity (2 co-joined units on one title)
• Great tenants in place - set and forget 
• Two low maintenance brick two-bedroom units (mirror image)
• No body corporate fees (one owner)
• Open kitchens, dining areas and north facing living rooms
• Two double bedrooms in each, all with built in storage 
• Both bathrooms offer a 3/4 bath, separate showers & separate toilets 
• Reverse cycle air conditioning in each
• Flat, easy care 676 sqm block
• Lock-up garages (1 per unit) and off street parking 
• Easy walking distance (300m) to Summerdale Medical Centre
• Close to public and private schools, shops, supermarkets & all city conveniences
• Walking distance (850m) to IGA, eateries and facilities at Olde Tudor Shopping Complex
• 8 Minutes to Launceston's CBD and just 14 minutes to Launceston Airport

For expert real estate advice you can trust, talk to Jeremy Wilkinson.

Rental return: $770 pw ( Unit 1 - Lease end 1/12/2025 $370 pw & Unit 2 - Lease end 29/12/25 $400 pw)
Current market rental estimate: Up to $840pw ($420pw each unit)
Unit sizes: 92 sqm each
Land size: 676 sqm
Built: 1987
Council rates: $3,132 pa
Council: Launceston
Council Zoning: General Residential

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**