18 Tasman Highway, Waverley, Tas 7250

A land holding of some 8000m2, currently leased until January 2026, creates a huge opportunity in a Waverley setting that's conveniently close to schools, Newstead shopping and a quick commute to Launceston's CBD.  
The investment appeal as a land bank is evident – and significantly enhanced by the scope to consider subdivision potential, STCA, on a site that extends well back from its generous street frontage and currently features a totally functional three bedroom, two bathroom home.
A double and a single garage, a storage shed, substantial machinery shed and adjoining studio space with its own bathroom further complement the present day option of enjoying the ongoing leasehold returns as concepts for utilising the allotment in new ways are contemplated. 
Alternatively, the property offers the freedom to use the sheds and workshop while continuing to rent out the residence. The possibilities are as extensive as the block is expansive!
While the scenarios are weighed up, the home's traditional living and dining rooms, capable separate kitchen, dual bathrooms and three bedrooms are accompanied by paved outdoor areas and the sense of space that only such a large slice of land can convey. 
Tempting for a range of reasons, an astute investment with multiple applications.

Currently tenanted at $500 per week.