14 Russell Street, Evandale, TAS 7212

14 Russell Street, Evandale, TAS 7212
Charming Rear Cottage + Excellent Commercial Opportunity!

Welcome to 14 Russell Street, a unique and charming property nestled in the heart of Evandale, TAS. This delightful cottage offers an outstanding investment opportunity, perfectly tailored for savvy investors, discerning retirees, or mainlanders seeking a tranquil retreat with the added advantage of a commercial income stream.

Comprising two well-appointed bedrooms and a single bathroom, this quaint cottage sits on a generous 869 square metre parcel of land. Thoughtfully updated while retaining its original charm, the home boasts ample character and space, making it a truly inviting retreat. A large wood heater serves as the heart of the home, ensuring warmth and comfort during the cooler months.

For those with an eye on the bottom line, the commercial tenancy is a highlight, currently leased as a bustling café until November 2028, generating an annual income of $27,583 p/a. The commercial space benefits from new LED lighting in most areas, solar panels, and fresh paint on parts of the roof and shopfront windows. The property boasts a recently extended kitchen and a power upgrade, ensuring modern convenience. Additionally, the boundary fence has been replaced on the drive side, enhancing the security of the property.

The property's location is second to none, offering good capital growth potential in a sought-after suburb. Situated in close proximity to Launceston airport and CBD, this is the perfect location for unique commercial tenancies. Moreover, the property enjoys the charm of being part of a historic village, though it is not heritage listed, providing an ideal blend of past and future potential.

With the rear cottage for personal use or additional rental income, and the main street commercial tenancy providing a reliable income, this property represents a remarkable investment. Two parking spaces complete the picture, ensuring that 14 Russell Street is as practical as it is enchanting. This is a rare opportunity to own a slice of Evandale's heritage with a contemporary twist.

Council rates: $958 p/q approx.

Water rates: $600 p/q approx.

Building size: 140m2 approx. + Commercial tenancy

Land size: 869m2 approx.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.