1974 Main Road,
Lilydale, TAS 7268

Situated within the town of Lilydale approximately 20 minutes from Launceston, this "packaged' investment property provides two income streams for the Investor.
In two parts, the property incorporates a currently leased retail food business, together with a separate, three bedroom residential dwelling.
Current gross income from the combination, is approximately $52,000 per annum.
The retail Lease runs until October 2025 and has further option terms. The residential agreement is a standard 12 months and commenced June 2022

The rental cash-flow represents approx 7.5% return, which still far exceeds Bank returns

Lilydale is a vibrant township, with community support features such as IGA Supermarket; Primary School; Service Station; Tavern and more.
The property is dominant in the Main Street and the food retail is long-time established.

Sale is "by negotiation".